Värde Partners, Freehold Capital Management form partnership to acquire master-planned communities
Freehold Capital Management and Värde Partners have formed a partnership to acquire two expansive master-planned communities: Savannah Quarters in Pooler, Ga., and Grande Dunes in Myrtle Beach, S.C.
Savannah Quarters is a 2,600-acre, mixed-use master-planned community. Located approximately 14 miles from Savannah, Ga., the community is home to more than 2,800 families with approximately 700 remaining homes. Grande Dunes is a 2,200-acre, mixed-use master-planned community that is home to more than 2,300 families with multiple remaining parcels to be developed.
The assets acquired include current and future home sites, commercial parcels, and amenities including Grande Dunes’ marina and Ocean Club. Under Värde and Freehold Capital Management’s ownership, Savannah Quarters and Grande Dunes will continue to actively develop new neighborhoods, with additional lots expected to be available in the near term.