Popular on s4story
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
- Keepy Uppy™ by Ollyball Wins Prestigious 2025 Influencer Award from Clamour & The Toy Association; Announces Fall 2025 Launch at Target Stores
- K2 Integrity's U.S. and EMEA Teams Recognized in Chambers and Partners 2025 Guides
- History Matters: Book Recommendations for June
- Elevated Healing Treatment Centers: Redefining Mental Health Care with Compassionate, Evidence-Based, and Accessible Services
- Venardi Zurada LLP Offers Legal Support to Families After Deadly Lake Tahoe Boat Capsizing
- Lottery.com Inc. Secures $300 Million in Growth Capital, Confirms Nasdaq Compliance & Acquires UAE Sports Incubator Amid High-Profile Brand Exposure
- Jasmine Farrell Releases New LGBTQ+ Poetry Collection - Rising From the Roots
- Holiday Inn Express North Hollywood Burbank Area Announces Conversion to Hampton Inn North Hollywood
- ASI Accelerates iMIS® Innovation by Acquiring CSI's Product Suite and Expert Team
Similar on s4story
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- 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
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- 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
- Digital Watchdog Launches New myDW Cloud Services
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- 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)
Material Capital Partners Completes Exit of The Preserve at Sweetwater, Expands BFR Pipeline in the Southeast
S For Story/10600345
CHARLESTON, S.C. - s4story -- Material Capital Partners ("MCP"), a vertically integrated real estate development and investment management firm headquartered in Charleston, SC, is pleased to announce the acquisition of The Preserve at Sweetwater. The 89 home build-for-rent community development in North Augusta, SC was acquired by MCP's joint venture investment partner, a venture between MORE Residential ("MORE"), a Plano, TX-based rental housing owner and operator, and San Francisco-based investment firm, Stockbridge. The Preserve at Sweetwater will be rebranded under MORE's Covey Homes brand of single-family build-for-rent communities.
The Preserve at Sweetwater is a Class-A rental community offering residents upscale 2 and 3-bedroom cottages and townhomes with attached garages, and an array of amenities, including a premium fitness center, game lawn and oversized pet park. The community is located near the intersection of I-20 and I-520, just minutes from downtown Augusta, GA. The community was built by MCP's dedicated construction firm Winchester Commercial Group.
The Augusta metropolitan area has grown significantly over the past five years. The presence of major employers such as the US Army Cyber Command at Fort Gordon, Bridgestone, and Rolls-Royce are creating strong demand for rental housing.
"North Augusta is experiencing strong growth from renter demand," said Joel Presley, MCP Partner and Augusta resident for 30 years. "It has a well-deserved reputation for quality of life. Located between Aiken and Augusta, the city benefits from wonderful amenities and new jobs combined with low cost of living and low cost of housing."
More on S For Story
The acquisition of The Preserve at Sweetwater is a significant milestone for MCP and its pipeline of build-for-rent projects under development throughout the Southeast.
"We are pleased to announce the acquisition of The Preserve at Sweetwater by MORE Residential and Stockbridge," said Alex Chalmers, Managing Partner of MCP. "This community is a great example of our ability to identify, develop and deliver high-quality build-for-rent communities in growing markets throughout the Southeast that are attractive to institutional buyers.
For more information about The Preserve at Sweetwater, Material Capital Partners, or any of MCP's other build-to-rent projects, please contact hello@materialcapitalpartners.com.
About Material Capital Partners
Material Capital Partners LLC ("MCP") is a real estate development and investment management firm based in Charleston, SC focused on purpose-built single-family build-for-rent 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 Class-A amenities and experienced property management. For more information, visit www.materialcapitalpartners.com.
About MORE Residential
MORE Residential was formed by the senior management team behind the former publicly traded REIT, Monogram Residential, which created a residential portfolio exceeding $4.5 billion in total value that eventually sold to an institutional investor consortium in 2017. The MORE management team averages 30+ years of real estate industry experience and has extensive expertise working with institutional investors and development sponsors to invest capital through structures that maximize opportunities at various stages in the investment life cycle. MORE's focus is on residential rentals spanning lower-density single-family rental (SFR) and build-to-rent (BTR) communities to traditional high-density multifamily properties across U.S. markets. For more information, visit www.moreresidential.com.
More on S For Story
About Stockbridge
Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25+ years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors. Stockbridge has approximately $33.8 billion of assets under management (as of June 30, 2023) across its two primary business lines, spanning all major real estate property types, and certain specialty property types, throughout the United States. The firm has offices in San Francisco, Atlanta and Chicago. For more information, visit www.stockbridge.com.
The Preserve at Sweetwater is a Class-A rental community offering residents upscale 2 and 3-bedroom cottages and townhomes with attached garages, and an array of amenities, including a premium fitness center, game lawn and oversized pet park. The community is located near the intersection of I-20 and I-520, just minutes from downtown Augusta, GA. The community was built by MCP's dedicated construction firm Winchester Commercial Group.
The Augusta metropolitan area has grown significantly over the past five years. The presence of major employers such as the US Army Cyber Command at Fort Gordon, Bridgestone, and Rolls-Royce are creating strong demand for rental housing.
"North Augusta is experiencing strong growth from renter demand," said Joel Presley, MCP Partner and Augusta resident for 30 years. "It has a well-deserved reputation for quality of life. Located between Aiken and Augusta, the city benefits from wonderful amenities and new jobs combined with low cost of living and low cost of housing."
More on S For Story
- Thorn & Bloom Magazine Unveils Groundbreaking Second Edition: "Breaking the Cycle"
- New Book "Lemonade Tough" Offers Real-World Resilience for Life After Trauma
- Julian Raven Releases Second Edition of Odious & Cerberus Following Resignation of Smithsonian Director Kim Sajet
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
The acquisition of The Preserve at Sweetwater is a significant milestone for MCP and its pipeline of build-for-rent projects under development throughout the Southeast.
"We are pleased to announce the acquisition of The Preserve at Sweetwater by MORE Residential and Stockbridge," said Alex Chalmers, Managing Partner of MCP. "This community is a great example of our ability to identify, develop and deliver high-quality build-for-rent communities in growing markets throughout the Southeast that are attractive to institutional buyers.
For more information about The Preserve at Sweetwater, Material Capital Partners, or any of MCP's other build-to-rent projects, please contact hello@materialcapitalpartners.com.
About Material Capital Partners
Material Capital Partners LLC ("MCP") is a real estate development and investment management firm based in Charleston, SC focused on purpose-built single-family build-for-rent 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 Class-A amenities and experienced property management. For more information, visit www.materialcapitalpartners.com.
About MORE Residential
MORE Residential was formed by the senior management team behind the former publicly traded REIT, Monogram Residential, which created a residential portfolio exceeding $4.5 billion in total value that eventually sold to an institutional investor consortium in 2017. The MORE management team averages 30+ years of real estate industry experience and has extensive expertise working with institutional investors and development sponsors to invest capital through structures that maximize opportunities at various stages in the investment life cycle. MORE's focus is on residential rentals spanning lower-density single-family rental (SFR) and build-to-rent (BTR) communities to traditional high-density multifamily properties across U.S. markets. For more information, visit www.moreresidential.com.
More on S For Story
- From Barrio to Transgender Pioneer: Chapter 12 of A Letter to Pawtone
- $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
- Kimberley Strunk's Inspiring New Book, "Jumping Boundaries,"
About Stockbridge
Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25+ years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors. Stockbridge has approximately $33.8 billion of assets under management (as of June 30, 2023) across its two primary business lines, spanning all major real estate property types, and certain specialty property types, throughout the United States. The firm has offices in San Francisco, Atlanta and Chicago. For more information, visit www.stockbridge.com.
Source: Material Capital Partners LLC
0 Comments
Latest on S For Story
- Powerful Stories and Shared Sisterhood Shine at "An Evening with the Author" Featuring Staci Kirk
- 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
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Walking a Tightrope Backward in High Heels Published by Wordeee
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- High Fantasy Author Plans for Release of Second Book
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Indies United is pleased to present our July 2025 book releases
- New Book Music Care: The Bridge to Hope Explores Music as a Lifeline Through Life's Hardships
- Scott Burton Releases Chaos: The Weight of a Memory, a Poetic Journey Through What Still Lingers