Rental home community near Greenville, SC

Fountain Inn, SC September 22nd, 2024

Investment

$2,813,877

Asset Type

Residential

Strategy

Value Add

Status

Active

About Acquisition

We have invested approximately $2.9 million to acquire 8 rental homes within the Pine Ridge Place community in Fountain Inn, South Carolina. This neighborhood is located just 20 minutes southeast of downtown Greenville, a rapidly growing market with increasing demand for high-quality rental housing.

Expanding Our Rental Portfolio

This acquisition marks the first phase of our planned investment in Pine Ridge Place, with an agreement to acquire an additional 104 rental homes upon their completion over the next year. As demand for single-family rental communities continues to rise, this investment provides access to a stable, income-producing asset in a high-growth area.

Why This Investment Matters

Greenville has become one of the fastest-growing metro areas in the Southeast, attracting young professionals, families, and retirees seeking affordability and a high quality of life. The city’s strong employment base, business-friendly environment, and population growth make it a prime location for long-term real estate investment.

Rental communities like Pine Ridge Place offer a balance of suburban living with easy access to urban amenities, making them highly attractive to renters looking for space, affordability, and convenience.

Investment Highlight

Strategic Location: 20 minutes from downtown Greenville, with proximity to major employers, retail hubs, and top-rated schools.

Expanding Portfolio: Initial 8-home acquisition, with plans to secure 104 additional rental homes as construction progresses.

Growing Demand for Rentals: More Americans are choosing renting over homeownership, increasing the need for high-quality, professionally managed rental communities.

Steady Cash Flow: A well-located single-family rental portfolio offers stable, long-term income potential.

Future Outlook

The Greenville-Fountain Inn corridor continues to see strong demand for housing, and purpose-built rental communities like Pine Ridge Place are positioned for sustained growth. With low vacancy rates and increasing rental demand, this acquisition aligns with our strategy to invest in high-yielding residential properties in expanding markets.

This investment strengthens our commitment to scalable, income-generating rental properties, ensuring consistent returns and long-term value appreciation for our investors.