Comunidad Partners' Expansion in South Carolina and Its Impact on Workforce Housing

What is Comunidad Partners?

Comunidad Partners is a vertically-integrated real estate investment firm specializing in workforce and attainable housing communities in diverse neighborhoods throughout the Sunbelt region.

Why did Comunidad Partners acquire The Haywood in Greenville, South Carolina?

The acquisition is part of Comunidad’s mission to provide workforce and attainable housing in high demand markets like Greenville, which is experiencing a shortage of such housing, to support essential workers and deliver risk-adjusted returns for impact investors.

What are the plans for The Haywood property?

Comunidad plans to allocate significant capital for renovations including interior unit upgrades, curb appeal, and family-friendly amenities, alongside creating beneficial resident services in partnership with non-profit organizations.

Who is affected by this acquisition?

Essential workers in Greenville, such as teachers, nurses, and skilled trades workers, who face challenges in finding affordable housing, are directly affected, alongside impact investors and the local economy.

How does this acquisition benefit the residents of Greenville?

It addresses the critical need for attainable housing, reduces commute times for essential workers, and enhances the resident experience through planned renovations and community programs.

What makes Greenville a compelling market for workforce housing?

Greenville is a supply-constrained market with strong fundamentals, including an A-rated school district, robust population growth, and impressive local household incomes, making it ideal for workforce housing investments.

How does Comunidad Partners measure the impact of its community programs?

In 2024, Comunidad reported a 92% needs resolution rate across its portfolio’s community programs, demonstrating the effectiveness of its customized approach to resident services.

Who can I contact for more information about Comunidad Partners and its projects?

For more information, you can visit Comunidad Partners’ website or connect with their team members, such as Antonio Marquez, Principal and Managing Partner, or Ty Barnes, Head of Investments, through their LinkedIn profiles provided in the content.