BRUNSWICK, GA – Material Capital Partners, a real estate development and investment management firm based in Charleston, SC, announced it has closed the project financing for River Ford, a 170-unit rental home community in Brunswick, Georgia.
River Ford is located on 28 acres at Canal Road, approximately 15 minutes from downtown Brunswick and St. Simons Island. The new development will consist of 170 detached single-family homes and a host of amenities including a clubhouse with fitness center, co-working space and a resort-style pool, two large central lakes with a fishing dock, large bark park, playgrounds, extensive trail system and a network of pocket parks and green spaces. Site work started earlier in the year and vertical construction is expected to start in February 2025.
Brunswick, a vibrant coastal city located between Savannah, Georgia and Jacksonville, Florida, offers a unique blend of coastal beauty and modern amenities. Just minutes from the picturesque beaches of the Golden Isles, named the best U.S. islands by Travel + Leisure, Brunswick is known for its rich history, distinctive cuisine, and Southern hospitality. The city features historic squares, a charming downtown with boutique shops, fine dining, art galleries, nineteenth-century Victorian-style homes, and expansive views of golden marshes.
Brunswick is home to the Port of Brunswick, the nation’s second-busiest port for automobiles and heavy machinery. Following continued record growth, the Georgia Ports Authority is quick-tracking over $500 million in capacity expansion projects at the port, which will triple its capacity to approximately 1.4 million vehicles per year. This expansion is designed to support the growing electric vehicle manufacturing ecosystem across the Southeast and is expected to propel the Port of Brunswick past Baltimore to become the top U.S. automobile port by 2026.
The demand for housing in Brunswick has far outpaced the available supply and River Ford will provide a high-quality housing option in this thriving coastal community. This latest MCP build-for-rent community will offer the amenities and comforts of a single-family home lifestyle with the conveniences and flexibility associated with rental home living and professional property management. It is targeted at residents who choose to rent based on privacy, flexibility, work proximity and value premium amenities in a professionally managed community.
“We are excited to bring River Ford to Brunswick,” said Alex Chalmers, founder and managing partner of Material Capital Partners. “Our community will provide a differentiated community experience and offer residents a unique lifestyle that combines the convenience of a rental with the feel of a desirable neighborhood. It is well-positioned to capitalize on the strong growth trends in Brunswick.”
River Ford will be managed by Greystar with pre-leasing scheduled to start in Spring 2025. Project financing was provided by Bluerock, Stanton Road Capital and MCP’s institutional construction lender. Construction will be handled by MCP’s dedicated builder partner Winchester Commercial Group.

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FAIRFAX, VA – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, broke ground on the Residences at Government Center II during a ceremony with LAC leaders, local lawmakers and partners, including Virginia Housing, the Virginia Department of Housing and Community Development, the Fairfax County Redevelopment and Housing Authority (FCRHA) and Capital One.
The Residences at Government Center II will provide 279 high-quality, affordable homes for families in the Braddock District. Upon completion, this community will also feature a daycare center, providing a safe and convenient childcare option for residents.
U.S. Representative Gerry Connolly, who represents Virginia’s 11th District in Congress, spoke at the groundbreaking ceremony. Other speakers included Nick Bracco, Vice President, Lincoln Avenue Communities Lenore Stanton, Chair, Fairfax County Redevelopment and Housing Authority, Jeffrey C. McKay, Chairman, Fairfax County Board of Supervisors James Walkinshaw, Braddock District Supervisor, Fairfax County Board of Supervisors; and Kerrie Wilson, CEO, Cornerstones.
“Throughout my career, making and preserving affordable housing has been a key priority. As a Congressman and the former Chair of the Fairfax County Board of Supervisors, I am thrilled to be a part of this innovative use of land to further the creation of affordable housing in our community,” said Rep. Connolly.
“Lincoln Avenue Communities is proud to start construction on the Residences at Government Center II,” said Nick Bracco, Vice President, Lincoln Avenue Communities. “Once completed, this property will offer nearly 300 affordable homes with top-tier amenities to families and individuals in Fairfax County, where new affordable housing is strongly needed.”
“We are proud to welcome new affordable housing right here in our front yard at the Fairfax County Government Center. These new homes will ensure that more people have an equitable shot at building their own future, right here in Fairfax County,” said Jeff McKay, Chairman, Fairfax County Board of Supervisors.
“For years, I’ve felt that we could make better use of the sea of parking in front of the Fairfax County Government Center to help meet our affordable housing goals. I made the motion to convey the property to the FCRHA for that purpose, and today, we are seeing this concept come to fruition,” said James Walkinshaw, Supervisor, Braddock District, Fairfax County Board of Supervisors. “I look forward to welcoming 279 families to their new homes at this innovative complex in the Braddock District.”
“During the 2024 calendar year, we have come together to celebrate affordable housing groundbreakings or grand openings several times. Residences at Government Center II is another testament to our commitment to developing affordable housing in all corners of Fairfax County,” said Lenore Stanton, Chair, Fairfax County Redevelopment and Housing Authority.
“We are pleased to help bring affordable housing to Fairfax, just a small distance away from Capital One’s headquarters. This development builds on our relationship with Lincoln Avenue Communities and the work we have done to expand affordable housing in Fairfax, Miami, New Orleans and Richmond,” said Ed Delany, Senior Director for Community Finance at Capital One. “Capital One provided construction debt, LIHTC equity investments and permanent Freddie Mac loans, including structuring and closing Freddie Mac’s first Forward Bond Credit Enhancement in just 90 days to meet the closing timeline.”
“Residences at Government Center II is a perfect example of taking underutilized land and making something gorgeous to support the community,” said Director, Production Patricia Mao Booker at KTGY. “Our architects carefully designed around the surrounding environment to enhance the pedestrian experience for this mixed-use affordable housing complex. We’re proud to support low-income families in Fairfax with this new, perfectly designed community.”

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PORTLAND, OR – Security Properties announced the opening of Splash Apartments, a 219-unit multi-family residential community in Portland’s Kerns neighborhood. The property welcomed its first residents on Oct. 25, 2024, shortly after Time Out recognized Kerns as “America’s Coolest Neighborhood.”
Splash marks the first phase of the Pop Blocks, a master-plotted development at the historic site of the former Pepsi Distribution Center. Situated at 875 NE 27th Ave. along Sandy Boulevard, the community is just steps from some of Portland’ most beloved restaurants, breweries, parks, and shops – making it an ideal choice for connected urban living.
“We’re thrilled to be bringing this exciting community to the Kern’s neighborhood after years of plotting and construction,” said Sarah Zahn, Senior Director of Development. “With the completion of the public plaza on NE Sandy, we hope Portlanders stop by and join us in welcoming residents to Splash Apartments.”
The property offers multiple unit types to suit a variety of lifestyles, including two-tale townhomes, live / workspaces, studios, urban one-bedrooms, and expansive layouts such as one-bedrooms with a den, two-bedrooms, and three-bedrooms. Each residence is thoughtfully designed with chef-inspired kitchens, modern finishes, and energy efficient heating and cooling. The secured underground parking garage offers 194 total spaces with 40 type II electric vehicle charging stations.
Community amenities feature a rooftop lounge with sweeping views, outdoor terraces equipped with BBQs, coworking spaces, secure bike storage, and a pet spa with grooming stations. A highlight of the development is the thoughtful integration of art throughout the public spaces. Splash’s vibrant public plaza is graced by water features, ample seating, and the striking 20-foot-tall namesake sculpture, “Splash,” made by internationally renowned artist Michael Benisty.

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