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Crescent Communities and Pretium have formed a joint venture to invest in single-family build-to-rent homes in the Sunbelt region. The partnership will invest $1 billion and develop more than 3,000 new rental communities in the region under a brand called Harmon.

The joint venture has already completed its first investment, Harmon Foxbank in Charleston. It will feature 109 homes, located 25 miles from Downtown Construction will begin next month, and homes will be available to rent early next year. Harmon Foxbank will be exemplary of the other communities that will be built under the brand, featuring a combination of three- and four-bedroom townhomes and detached single-family houses, dedicated outdoor spaces, walking trails and pocket parks. According to the partnership, Harmon communities will aim to provide the best of single-family living, which includes privacy, extra space and sense of community pride.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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