Material Capital Partners Closes Financing and Breaks Ground on 82 Townhome Build-For-Rent Community in Bluffton, South Carolina
Haryana Blog/10287122
Trending...
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
CHARLESTON, S.C. - HaryanaBlog -- Material Capital Partners ("MCP"), a real estate development and investment management firm based in Charleston, SC, announced it has closed $30 million in project financing and started construction on Indigo Cove, an 82 townhome rental community in Bluffton, South Carolina.
Indigo Cove is located on 24 acres near the intersection of Buck Island Road and Bluffton Parkway, 2 miles from Old Town Bluffton. The new development will consist of 82 3-bedroom upscale townhomes designed to complement the distinguished coastal town of Bluffton. Residents will enjoy high-end finishes including quartz countertops, stainless steel appliances, built-in home offices nooks, upgraded hard surface flooring and walk-in showers in the primary bedroom suites. The community will also feature a host of amenities including a premium bark park, wooded nature trails, pocket parks and a clubhouse with co-working space and fitness center.
Nestled along South Carolina's Low Country coastline just minutes from Hilton Head Island, SC and Savannah, GA, Bluffton offers a unique blend of history, natural beauty, and modern amenities. With its rich cultural heritage, charming downtown, and picturesque surroundings, Bluffton is an exceptional place to live. For more than a decade, the demand for housing in Bluffton has far outpaced the available supply and Indigo Cove will provide a high-quality housing option in this thriving coastal community.
Build-for-rent communities offer the amenities and comforts of a single-family home lifestyle with the conveniences and flexibility associated with rental home living and professional property management. MCP build-for-rent communities attract renters-by-choice, including young adults, families with children, military families and empty-nesters, who choose to rent based on privacy, flexibility, work proximity and value premium amenities in a professionally managed community.
More on Haryana Blog
Indigo Cove will be property managed by Greystar with pre-leasing scheduled to begin in spring 2025. If you are interested in learning more about the community or for additional information regarding pre-leasing, please visit the project website www.indigocove.mcpcommunity.com.
"Bluffton offers residents a high quality of life, great schools, and a laid-back coastal lifestyle all just minutes from Hilton Head and Savannah," said Alex Chalmers, founder and managing partner of Material Capital Partners. "Indigo Cove will provide an upscale community where residents will enjoy premium amenities and great proximity to Old Town Bluffton."
Project financing was provided by Bluerock, Stanton Road Capital and MCP's institutional construction lender.
"SRC is very positive on the build-for-rent residential trends in the Southeast and we look forward to Material Capital Partners delivering a best-in-class community in Bluffton," said Tim Ronan, founder and managing partner of Stanton Road Capital.
Construction will be handled by MCP's dedicated builder partner Winchester Commercial Group.
About Material Capital Partners
Material Capital Partners LLC ("MCP") is a vertically integrated real estate development and investment management firm based in Charleston, SC, focused on purpose-built single-family rental home communities throughout the Southeast.
Our communities of single-family rental homes combine the welcoming feel of a desirable neighborhood with the flexibility and ease of maintenance-free living, premium amenities and professional property management. For more information, visit www.materialcapitalpartners.com.
More on Haryana Blog
About Bluerock
Bluerock is a leading institutional alternative asset manager based in New York with regional offices across the U.S. Bluerock principals have a collective 100+ years of investing experience with more than $120 billion real estate and capital markets experience and manage multiple well-recognized real estate private and public company platforms. Today, Bluerock has more than $18 billion in acquired and managed assets and offers a complementary suite of public and private investment programs, with both short and long-term goals, to individual investors seeking solutions aimed at providing predictable income, capital growth, and tax benefits.
About Stanton Road Capital
Stanton Road Capital, LLC ("SRC") is a private investment management firm focused on direct commercial real estate investments and select private equity strategies. Founded in 2013, the principals of SRC have acquired over $7.0 billion of commercial and residential real estate. SRC currently owns and operates a national commercial and residential property portfolio in excess of 6 million square feet and 2,500 residential units and is actively investing on behalf of its institutional, family office, and private capital partners. SRC targets opportunistic, value-add, and core-plus commercial properties in addition to ground-up residential developments in Texas, Salt Lake City, select major Midwest markets and across the Southeast.
Indigo Cove is located on 24 acres near the intersection of Buck Island Road and Bluffton Parkway, 2 miles from Old Town Bluffton. The new development will consist of 82 3-bedroom upscale townhomes designed to complement the distinguished coastal town of Bluffton. Residents will enjoy high-end finishes including quartz countertops, stainless steel appliances, built-in home offices nooks, upgraded hard surface flooring and walk-in showers in the primary bedroom suites. The community will also feature a host of amenities including a premium bark park, wooded nature trails, pocket parks and a clubhouse with co-working space and fitness center.
Nestled along South Carolina's Low Country coastline just minutes from Hilton Head Island, SC and Savannah, GA, Bluffton offers a unique blend of history, natural beauty, and modern amenities. With its rich cultural heritage, charming downtown, and picturesque surroundings, Bluffton is an exceptional place to live. For more than a decade, the demand for housing in Bluffton has far outpaced the available supply and Indigo Cove will provide a high-quality housing option in this thriving coastal community.
Build-for-rent communities offer the amenities and comforts of a single-family home lifestyle with the conveniences and flexibility associated with rental home living and professional property management. MCP build-for-rent communities attract renters-by-choice, including young adults, families with children, military families and empty-nesters, who choose to rent based on privacy, flexibility, work proximity and value premium amenities in a professionally managed community.
More on Haryana Blog
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
Indigo Cove will be property managed by Greystar with pre-leasing scheduled to begin in spring 2025. If you are interested in learning more about the community or for additional information regarding pre-leasing, please visit the project website www.indigocove.mcpcommunity.com.
"Bluffton offers residents a high quality of life, great schools, and a laid-back coastal lifestyle all just minutes from Hilton Head and Savannah," said Alex Chalmers, founder and managing partner of Material Capital Partners. "Indigo Cove will provide an upscale community where residents will enjoy premium amenities and great proximity to Old Town Bluffton."
Project financing was provided by Bluerock, Stanton Road Capital and MCP's institutional construction lender.
"SRC is very positive on the build-for-rent residential trends in the Southeast and we look forward to Material Capital Partners delivering a best-in-class community in Bluffton," said Tim Ronan, founder and managing partner of Stanton Road Capital.
Construction will be handled by MCP's dedicated builder partner Winchester Commercial Group.
About Material Capital Partners
Material Capital Partners LLC ("MCP") is a vertically integrated real estate development and investment management firm based in Charleston, SC, focused on purpose-built single-family rental home communities throughout the Southeast.
Our communities of single-family rental homes combine the welcoming feel of a desirable neighborhood with the flexibility and ease of maintenance-free living, premium amenities and professional property management. For more information, visit www.materialcapitalpartners.com.
More on Haryana Blog
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
About Bluerock
Bluerock is a leading institutional alternative asset manager based in New York with regional offices across the U.S. Bluerock principals have a collective 100+ years of investing experience with more than $120 billion real estate and capital markets experience and manage multiple well-recognized real estate private and public company platforms. Today, Bluerock has more than $18 billion in acquired and managed assets and offers a complementary suite of public and private investment programs, with both short and long-term goals, to individual investors seeking solutions aimed at providing predictable income, capital growth, and tax benefits.
About Stanton Road Capital
Stanton Road Capital, LLC ("SRC") is a private investment management firm focused on direct commercial real estate investments and select private equity strategies. Founded in 2013, the principals of SRC have acquired over $7.0 billion of commercial and residential real estate. SRC currently owns and operates a national commercial and residential property portfolio in excess of 6 million square feet and 2,500 residential units and is actively investing on behalf of its institutional, family office, and private capital partners. SRC targets opportunistic, value-add, and core-plus commercial properties in addition to ground-up residential developments in Texas, Salt Lake City, select major Midwest markets and across the Southeast.
Source: Material Capital Partners LLC
0 Comments
Latest on Haryana Blog
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce