Material Capital Partners Finances New Rent-Ready Community in Brunswick, Georgia

Material Capital Partners Finances New Rental Community in Brunswick, Georgia

Material Capital Partners (MCP), a prominent real estate development and investment management company headquartered in Charleston, South Carolina, has announced the successful closure of financing for a notable new project: River Ford. This community will consist of 170 rental homes situated on 28 picturesque acres along Canal Road in Brunswick, Georgia. Just a short 15-minute drive from downtown Brunswick and the scenic St. Simons Island, River Ford promises to deliver an enjoyable living experience amidst the charm of coastal Georgia.

Overview of River Ford

The development of River Ford involves the construction of 170 detached single-family homes, complemented by a range of high-end amenities that cater to diverse lifestyle preferences. Future residents will have access to a well-equipped clubhouse featuring a fitness center and co-working spaces, alongside a resort-style swimming pool. The community’s design is family-friendly with inclusions such as playgrounds, two central lakes complete with fishing docks, a large bark park for pets, an expansive trail system for outdoor enthusiasts, and a network of pocket parks and green spaces designed to foster community interactions.

Site preparations began earlier this year, with expectations that vertical construction will commence in February 2025. This timeline aligns with MCP's strategic goal of meeting the growing demand for housing in Brunswick, which is witnessing an unprecedented surge that has far surpassed existing supply.

Brunswick: A Thriving Coastal City

Brunswick is more than just a location for River Ford; it is a vibrant coastal city known for its blend of natural beauty, rich history, and modern conveniences. Nestled between Savannah and Jacksonville, Brunswick is recognized for its appealing beaches, particularly those that make up the Golden Isles, which were named the best U.S. islands by Travel + Leisure. The city’s downtown area features charming boutiques, exquisite dining options, art galleries, historic Victorian homes, and expansive marsh views, all of which contribute to Brunswick's reputation for warm Southern hospitality.

Additionally, Brunswick is home to the Port of Brunswick, a strategically significant hub that ranks as the second-busiest port in the United States for automobiles and heavy machinery. Encouraging growth at the port has prompted the Georgia Ports Authority to fast-track over $500 million in capacity expansion initiatives. This development aims to triple the port's capacity to approximately 1.4 million vehicles annually, positioning Brunswick to potentially become the top U.S. automobile port by 2026, as it supports the burgeoning electric vehicle manufacturing sector in the Southeast.

Addressing Housing Demand

The recent growth in Brunswick has created an urgent need for housing solutions, and River Ford aims to fill this gap. As a build-for-rent community, it will provide the comfort and quality of single-family homes while incorporating the management advantages and flexibility of rental living. Residents can expect professional property management services, enhancing their overall living experience.

Alex Chalmers, founder and managing partner of Material Capital Partners, expressed enthusiasm about the project: “We are excited to bring River Ford to Brunswick. Our community will offer a unique experience that blends rental convenience with the atmosphere of a desirable neighborhood, ideally suited to the region’s growth trends.”

As part of the overall development plan, River Ford will be managed by Greystar, with pre-leasing activities anticipated to begin in Spring 2025. Financing for the project was secured through collaborations with Bluerock, Stanton Road Capital, and MCP's institutional construction lender. Construction will be undertaken by Winchester Commercial Group, MCP's dedicated builder partner.

For those interested in learning more about River Ford or seeking information regarding pre-leasing opportunities, further details can be found on the project’s website.

About Material Capital Partners

Material Capital Partners LLC specializes in developing and managing single-family rental home communities throughout the Southeastern and Midwestern United States. Their focus is on creating neighborhoods that combine the warmth of community living with the convenience of rental arrangements, professional maintenance, and premium amenities. The firm strives to offer residents an enriched lifestyle that reflects the values of community and quality living.

For more information, visit Material Capital Partners.