Värde Partners, Freehold Capital Partner to Acquire MP Communities

Värde Partners, a global alternative investment firm based in Minneapolis, has partnered with Boston-headquartered Freehold Capital Management, a developer of master-planned communities and BTR neighborhoods, to acquire two expansive master-planned communities in the Southeast. The assets acquired include current and future home sites, commercial parcels, and the Grande Dunes’ marina and Ocean Club.

“Värde has 30 years of experience in U.S. residential land development and homebuilding, and we welcome the collaboration with Freehold Capital Management to expand on the vision and reputation of these desirable communities,” said Brendan Bosman, senior managing director at Värde Partners.

The two properties include Savannah Quarters in Pooler, Georgia, and Grande Dunes in Myrtle Beach, South Carolina. Savannah Quarters is a 2,600-acre mixed-use master-planned community. Savannah Quarters is comprised of more than 2,800 families with approximately 700 remaining homes. Grande Dunes spans 2,200 acres and is home to more than 2,300 families with multiple remaining parcels to be developed.