National multifamily management firm expands partnership with real estate investment group to five apartment communities

Blackfin Real Estate Investors, LLC (Blackfin), has selected Drucker + Falk (DF), one of the nation’s most prominent multifamily management companies, to manage The Merchant, a 231-unit newly constructed luxury apartment community located in Charleston, South Carolina.

Built in 2020 and acquired by Blackfin in December 2021, The Merchant is a modernly designed community featuring studio, one- and two-bedroom apartment homes. Nestled within the heart of Charleston’s eclectic NoMo neighborhood and near the Charleston Innovation District, residents are steps from bustling breweries, restaurants, and shops. In addition to its ideal location, The Merchant’s residents enjoy a state-of-the-art fitness center, unique market-style lounge, resort-style swimming pool with expansive sundeck, and stylish apartment interiors that offer comfort and all the high-end conveniences today’s renter would expect and more.

Since Drucker + Falk’s relationship with Blackfin began at the end of 2020, the company has been awarded five assumptions and/or acquisitions from the real estate investment group with the fifth being The Merchant. The five apartment communities are located across Virginia, North Carolina, and South Carolina, totaling over 1,500 units collectively.

Lisa Narducci Price, Director of Business + Property Development shared, “Drucker and Falk is honored to be working yet again on another community with Blackfin Real Estate Investors. The Merchant is a magnificent property, and we look forward to exceeding the clients expectations of enhancing its value through strengthened occupancy, expense savings and rent escalation.”

ABOUT DRUCKER + FALK

Founded in 1938, Drucker + Falk is a full-service real estate and investment firm, managing a diverse portfolio of more than 40,000 apartments in 11 states including Virginia, Maryland, North Carolina, South Carolina, Arkansas, Florida, Tennessee, Indiana, Kentucky, Ohio, and Louisiana. With roots in third party fee management, Drucker + Falk specializes in multifamily management of all asset types, new development construction consultation and lease up, urban revitalization, asset repositioning and stabilization of challenging properties, mixed use management and due diligence services. With more than 3 million square feet under management, Drucker + Falk also offers commercial sales, leasing and management services. For more information, visit Drucker and Falk.

Published On: March 30, 2022Categories: Multifamily, News & Announcements