Why Savannah? A strategic bet that’s paying off

With three active communities now operating in the greater Savannah area, our investment in this fast-growing region is proving to be more than just well-timed—it’s strategically sound. From Cottonvale Towns to Harris Trail to Omnia at Richmond Hill, our portfolio continues to benefit from the same set of fundamentals: a chronic undersupply of high-quality rental housing, strong regional job and population growth, and limited near-term competition.

Savannah’s unique mix of affordability, logistics-driven economic expansion (anchored by the Port of Savannah), and catalytic employers like Hyundai’s EV plant has created a durable demand base that outpaces supply. It’s exactly the type of high-growth, supply-constrained Sunbelt market our strategy was designed to target—and we believe our early and scaled presence here continues to validate that thesis.



Cottonvale Towns, our 71-unit build-to-rent community in Savannah, Georgia, is a prime example of our strategy to target high-growth, supply-constrained Sunbelt markets. Since acquisition in early 2023, the property has exceeded expectations, quickly achieving 90-95% occupancy and strong rent growth. With limited new construction and a growing economic base, we believe the property is well positioned to continue delivering strong cash flow and returns.

Performance highlights

The property's consistently strong performance can be attributed to several key factors:

  • Premium positioning: Savannah has historically had limited newer residential products, allowing Cottonvale to capture robust demand for quality rental homes.
  • Above-average rent growth: Our Savannah portfolio has delivered nearly 4.5% annual rent growth, well in excess of the broader rental market across the Southeast.
  • Strong occupancy: Stabilized in July 2023 — just two months after construction wrapped — Cottonvale has since maintained 90-95% occupancy.

Market drivers supporting continued performance

Savannah continues to demonstrate the fundamental attributes we target in our investment strategy:

  • Product-market fit: Savannah has long suffered from a shortage of high-quality rental housing. Cottonvale’s modern design and professional management have positioned it as a preferred choice among renters.
  • Demand tailwinds: The Port of Savannah continues to expand, bringing logistics jobs and economic diversification. Meanwhile, the Hyundai EV plant, opened in 2022, has added further momentum to population and job growth.
  • Limited competitive supply: While new supply is anticipated, current demand, the current imbalance between demand and available homes supports continued rent growth.

Looking ahead

Cottonvale is exactly the kind of asset we aim to scale: professionally managed, well-located, and benefiting from macroeconomic tailwinds. We continue to monitor the pipeline of potential new supply in the Savannah area but remain confident in Cottonvale’s ability to maintain its competitive edge.

As always, our team is focused on proactive asset management — ensuring the property continues to operate efficiently while evaluating opportunities for enhancements that can drive long-term value.

This investment reflects our broader thesis: that high-quality rental housing in high-growth, supply-constrained markets can deliver stable, attractive returns over time. Cottonvale Towns is one of many examples across the portfolio where this thesis is actively playing out.