Värde Partners, a global alternative investment firm based in Minneapolis, has joined forces with Boston-based Freehold Capital Management to purchase two expansive master-planned communities in the Southeast. The acquired assets include current and future home sites, commercial parcels, and the marina and Ocean Club at Grande Dunes.
According to Brendan Bosman, senior managing director at Värde Partners: “With 30 years of experience in U.S. residential land development and homebuilding under our belt, we are excited to collaborate with Freehold Capital Management on these highly desirable communities.”
The properties involved are Savannah Quarters in Pooler Georgia – a 2,600-acre mixed-use master-planned community currently housing over 2,800 families (with approximately 700 homes still available) – as well as Grande Dunes located in Myrtle Beach South Carolina. Spanning over 2 acres of land area; this community is already home for more than twenty-three hundred families while several other parcels remain undeveloped.
This article was originally published on Connect CRE’s website.
