Freehold Capital Management and Värde Partners will buy two master-planned communities—Savannah Quarters in Pooler, Georgia, and Grande Dunes in Myrtle Beach, South Carolina.
The partnership marks a major step for both companies, which say their combined experience and collaboration will mean greater opportunities for the development of these two communities.
“This venture marks a significant step forward for Freehold Capital Management,” Casey Tischer, principal at Freehold Capital Management, says. “These master-planned communities offer substantial opportunities for growth and development, and we are committed to maximizing their potential.”
Located just outside Savannah, Georgia, Savannah Quarters is a 2,600-acre mixed-use master-planned community with over 2,800 families. Grande Dunes is a 2,200-acre community with over 2,300 families. Both communities have remaining homes and parcels to be developed.
“With continued strong demand for housing in major Sun Belt markets, we believe these communities offer a compelling and complementary addition to our existing portfolio of master-planned communities,” Brendan Bosman, senior managing director at Värde Partners, says.
Alongside the two existing master-planned communities, the assets acquired in the partnership include future homesites, commercial parcels, and amenities, including Grande Dunes’ marina and Ocean Club.
Freehold Capital Management and Värde say that, under their ownership, Savannah Quarters and Grande Dunes will continue to develop new neighborhoods and bring new lots to the market.
“With our combined expertise and resources, we aim to enhance these communities and create lasting value in Pooler and Myrtle Beach,” Tischer says. “We look forward to continuing to seek opportunities together and drive success in the world of master-planned communities and real estate development.”
