Material Capital Partners closes financing for 170-unit BTR community in Brunswick, Ga.

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Material Capital Partners (MCP) announced it has closed the project financing for River Ford, a 170-unit rental home community in Brunswick, Ga.

River Ford is located on 28 acres at Canal Road, approximately 15 minutes from downtown Brunswick and St. Simons Island. The new development will consist of 170 detached single-family homes and a host of amenities, including a clubhouse with fitness center, co-working space and a resort-style pool; two large central lakes with a fishing dock; large bark park; playgrounds; extensive trail system; and a network of pocket parks and green spaces. Site work started earlier in the year and vertical construction is expected to begin in February 2025.

Brunswick is home to the Port of Brunswick, the nation’s second-busiest port for automobiles and heavy machinery. Following continued record growth, the Georgia Ports Authority is fast-tracking more than $500 million in expansion projects at the port, which will triple its capacity to approximately 1.4 million vehicles per year. This expansion is designed to support the growing electric vehiclemanufacturing ecosystem across the Southeast and is expected to propel the Port of Brunswick past Baltimore to become the top U.S. automobile port by 2026.

The demand for housing in Brunswick has far outpaced the available supply, and River Ford will provide a high-quality housing option in this thriving coastal community. This MCP build-for-rent community will 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. It is targeted at residents who choose to rent based on privacy, flexibility, work proximity and value premium
amenities in a professionally managed community.

River Ford will be managed by Greystar with preleasing scheduled to begin in spring 2025. Project financing was provided by Bluerock, Stanton Road Capital and MCP’s institutional construction lender. Construction will be handled by MCP’s dedicated builder partner Winchester Commercial Group.