After recently acquiring a 33-acre site in the Spartanburg, South Carolina, market, TruAmerica Multifamily has announced its plans to develop Hartley View, the company’s first build-for-rent (BFR) development.
The project in the city of Inman, South Carolina, will encompass 281 units and include a mix of 214 townhomes, as well as 67 detached, single-family residences.
“Hartley View is our inaugural BFR development, and the community represents the culmination of a strategic endeavor that commenced last year with the launch of a BFR platform as part of TruAmerica’s overall portfolio of workforce housing communities across the U.S.,” says Mitch Rotta, senior managing director and head of BFR at TruAmerica. “Our BFR projects are designed to appeal to both renters by choice, as well as by necessity, who are seeking a single-family residential living style, along with the amenities found in today’s popular apartment communities.”
TruAmerica launched its BFR program in 2022. The firm is actively pursuing entitled land to develop townhome and single-family residential projects in suburban markets that are envisioned to provide synergies with TruAmerica’s existing national multifamily platform.
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