Company plans 163 build-to-rent homes in Greer

Material Capital Partners, a vertically integrated real estate development and investment firm specializing in build-to-rent communities, has bought land in Greer for the development of a build-to-rent community.

Plans are to build Mill Landing at 788 Brockman McClimon Road, according to a news release.

The land closing marks the inaugural investment from Material Capital Partners‘ BTR Development Fund II and represents a strategic expansion into one of the Southeast’s fastest-growing markets, the company said in the release. The purchase also aligns with MCP’s mission to develop “thoughtfully designed, amenity-rich” rental communities in areas experiencing strong migration trends. The company cite a U.S. News rankings list that recognizes the Greenville area as the top place to live in South Carolina and fourth nationally.

“This land closing marks a meaningful step in our continued expansion across the Southeast,” Alex Chalmers, founder and managing partner of Material Capital Partners, said in the release. “Greer offers everything we look for in a market — strong population growth, economic momentum, access to major employers and a high quality of life. We’re committed to bringing thoughtfully planned communities to high-opportunity regions like this one, where we can add long-term value for both residents and our investors.”

Mill Landing will mark the firm’s 10th asset in the Southeast and adds to a growing pipeline of build-to-rent communities currently under development. These include an 82-unit upscale townhome community in Bluffton; a 170-unit cottage-style community in Brunswick, Ga.; and a 131-unit community in Augusta.

Mill Landing will include 163 single-family detached homes and townhomes on approximately 25 acres, with a mix of three- and four-bedroom floor plans. Each home will feature an attached private garage, private patio and premium interior finishes, including granite countertops and stainless-steel appliances, the release stated.

The community will be designed in a new urbanist style, integrating a network of parks and green spaces with a full suite of upscale amenities. Planned features include a clubhouse with coworking and lounge spaces, a resort-style swimming pool, fitness center, large dog park and walking trails.

Greystar will serve as property manager for Mill Landing. The firm currently oversees several other premium build-to-rent communities across the Upstate.

The project is expected to break ground in the third quarter of this year, with completion slated for the second quarter of 2027, the release stated.

Material Capital Partners is a real estate development and investment management firm based in Charleston, focused on purpose-built single-family rental home communities throughout the Southeast and the Midwest, the release stated.