Novare Group and Batson-Cook Development Company (BCDC) have started their 39th joint venture project, a premier built-for-rent single-family (BTR) community in the rapidly growing area of Port Wentworth, Ga.
The new development on a 33.30-acre site along Georgia Highway 21 will feature 106 Class A residences, marking a significant investment in one of the nation’s fastest-growing regions. This site is immediately adjacent to Wentworth Park Residences, a 328-unit multifamily community, which the joint venture partners also built.
“We are excited to partner with BCDC on this project. Port Wentworth’s consistent growth and strong demographics and employment make it an ideal location for our new rental housing community,” said Jim Borders, President and CEO of Novare Group. “We are excited for the opportunity to provide an exceptional living experience for our residents.”
Port Wentworth’s proximity to the Port of Savannah, the fastest-growing and third-largest port in the United States, has driven an extraordinary population growth of 130.4% since 2010. This population surge and average household incomes exceeding $112,500 within a mile of the site highlight the area’s strong demographics and high demand for quality residential housing.
“The Port Wentworth market presents a unique opportunity,” said Litt Glover, President and CEO of BCDC. “Our collaboration with Novare Group brings together our shared vision and expertise to deliver a top-tier residential community that aligns with the city’s strategic growth and development plans.”
The Port Wentworth BTR community will comprise 106 residences, each being a two-story detached home. The community offers a mix of three- and four-bedroom homes across five distinct floor plans, each featuring a one or two-car attached garage and driveway parking. The community will feature a clubhouse, fitness center, and pool.
The project team includes ResiBuilt and Eagle Excavation as contractors. The development is capitalized by Ameris Bank as the lender, Marble Capital as the preferred equity provider, and BCDC and Novare Group as sponsors. The first homes in the community are slated for completion in Q3 2025.
About Novare Group
Novare Group is a real estate development and investment company headquartered in Atlanta, Georgia. Since 1995, Novare Group has developed over 19,800 residences in 62 residential communities in the United States. Learn more by visiting www.novaregroup.com.
About BCDC
Founded in 1963, BCDC is a wholly-owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management. Learn more by visiting batsoncookdev.com.
