PCCP, Advenir JV to Build Savannah BTR
The first rental homes will come online next year.
A joint venture between PCCP LLC and Advenir Azora will build Leo at Port Wentworth, a 250-unit build-to-rent Class A community in Port Wentworth, Ga. The first units at the cottage- and townhome-style development are expected to be delivered in June 2026.
The project will rise on a 28-acre site at 1100 Meinhard Road. The property will be close to Interstate 95 and U.S. Route 80, as well as 13 miles from downtown Savannah, Ga., and 7 miles from Savannah/Hilton Head International Airport. Additionally, the area where the community will be located comprises multiple retail and dining options.
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When complete, Leo at Port Wentworth will include a mix of one- and two-bedroom duplexes, two-bedroom cottages and two- to three-bedroom townhomes. The average size of the homes will be 1,081 square feet.
The community’s amenity package will consist of a nearly 3,000-square-foot clubhouse and leasing office, featuring a conference room and coffee bar, a fitness center with an exterior area and a swimming pool. Additionally, the ground-up development will feature multiple green spaces, such as a pickleball court, walking trails and playgrounds, dog parks and gazebos, as well as other shared spaces.
This marks the second project developed by the joint venture. In late 2024, the companies also partnered for the construction of Leo at Wendell, a build-to-rent community in Raleigh, N.C., that will include 206 units.
High demand for SFR in the Southeast
Driven by population growth and migration, demand for rental housing in the Southeast has spiked, with more large-scale investors recognizing the stability and long-term value of SFR/BTR properties. Meanwhile, as long as demographic growth will continue to push outward from major cities, secondary and tertiary markets will become a hotspot for new developments, according to our SFR outlook for 2025.
In February, J.P. Morgan Asset Management and Georgia Capital formed Laseter Development Group, a single-family rental development firm focused on construction in the Southeast. Each company owns a 50 percent stake in the new entity that will collaborate with outside partners to complete SFR projects. Laseter Development Group plans to break ground this year on two communities in the Greater Atlanta and Nashville, Tenn., markets that will total 291 rental homes.
Meanwhile, ARK Homes For Rent completed Walker Point, a BTR property in Brunswick, Ga., last week. The 237-townhome community is spread across 25 acres and features a clubhouse, fitness center and yoga room.
