Greer, SC – Advenir Oakley Capital, LLC (“Advenir Oakley”), a leading provider of high-quality rental housing, has started site work on their latest build-to-rent (BTR) community, LEO Jamestown, in Greer, SC. The $78 million development is part of the Greenville, SC Metropolitan Statistical Area (MSA) and will bring much-needed rental housing to the growing area.
LEO Jamestown, which will comprise 296 units across 34.9 acres on the northeast corner of S. Main and Roscoe Drive, is just over a mile to downtown Greer. In the heart of the Upstate, the development is only a 10-minute drive to BMW’S Spartanburg plant, which is one of the largest automobile manufacturing facilities in the world employing over 11,000 with an economic impact of $17 billion for the state of South Carolina.
Greer offers a high quality of life with a low cost of living. Its strong job market and wide range of amenities and conveniences provides an attractive destination and great place to call home. The city is also just minutes from Greenville with cultural attractions, dining and entertainment options.
Designed by Birmingham-based Nequette Architecture & Design, LEO Jamestown will feature a mix of one, two, and three-bedroom cottages designed to meet the needs of individuals and families. The cottages will offer from nine-to-15-foot ceilings, wood-grain flooring, in-unit washers and dryers, a smart home technology package, private back yards, 24/7 on-call maintenance and optional enclosed garage parking. Neighborhood amenities include courtyards with pavilions and grill stations, a central clubhouse with a resort-style pool, state-of-the-art fitness center, dog park and valet trash.
One-bedroom units with 882 square feet will rent for approximately $1,800 per month, two-bedroom units with 912 square feet, $2,100, and three-bedrooms in 1,510 square feet, $2,600.
LEO Jamestown is expected to be fully completed by December 2024, with first deliveries currently scheduled for October 2023. The community will be managed by Advenir Living, ensuring that residents receive the best possible customer service and support.
“LEO Jamestown is a highly anticipated project,” said Jay Chapman, president and chief executive officer of Birmingham-based Capstone Building Corp., general contractor for the project; “Capstone is looking forward to this new project in South Carolina with developer Advenir Oakley.”
“We are thrilled to be breaking ground on this exciting new development,” said David Oakley, Co-Founder of Advenir Oakley. “This project is a testament to our commitment to providing high-quality built-to-rent housing in growing areas, and we look forward to working with the residents of Greer to create a welcoming and vibrant community.”
Louis Nequette, Principal of Nequette Architecture, had this to say about the development: “Our design for this cottage development in Greer is specifically tailored to meet the needs of the ‘missing middle’ in terms of housing demand. Designing for the build-to-rent market requires a deep understanding of the needs and desires of today’s renters. Our goal for this community was to create spaces that are not just functional, but also beautiful, welcoming, and reflective of the unique character and charm of the area. “
For more information about Advenir Oakley and their latest BTR development in Greer, SC, please visit their website or contact their offices.
About Advenir Oakley
Advenir Oakley is a vertically integrated investor, developer and operator of Built-to-Rent (BTR) communities across the U.S. Advenir Oakley is a joint venture between Miami-based Advenir and Birmingham-based Oakley Group with the purpose of acquiring and developing a portfolio of 10,000 BTR units. Advenir Oakley is a leading provider of high-quality BTR housing, with a commitment to creating vibrant and sustainable communities across the U.S. With a focus on growth and innovation, Advenir Oakley is dedicated to improving the lives of residents through the development of comfortable, convenient, and affordable housing solutions.
Advenir Oakley has offices in Atlanta, GA, Birmingham, AL, St. Pete, FL, Miami, FL, and Kenosha, WI. Since inception, Advenir Oakley has acquired and operated more than 600 BTR units valued at $150M and has a pipeline of additional developments valued at $2 billion.
Media Contacts:
Advenir Oakley Capital, LLC
Matt Vecchitto, 262-237-0897 or mattv@advenir.net
David Oakley, 205-913-4632 or do@oakleygroup.com