Acre, Southeast Partners break ground on Pepper Hall

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Acre has broken ground on Pepper Hall Multifamily, a 331-unit multifamily property in the Bluffton-Hilton Head area. The project is being developed in partnership with Charleston-based Southeast Partners.

Pepper Hall is scheduled to officially open in spring 2024.

 Located 11 miles west of Hilton Head Island within a newly developed, mixed-use master-planned community, Pepper Hall will feature a mix of one- and two-bedroom residences, with an average size of 938 square feet. Unit interiors will feature smart-home technology. Residents of Pepper Hall will have access to a full suite of amenities including a clubhouse, resort-style pool, fitness center,   yoga   studio   with   Fitness-on-Demand,   and   pocket   parks   adjacent   to   each building.

“Acre remains focused on identifying unique multifamily and single-family development opportunities in high-growth coastal markets in the Southeast,” Bret Hewett, vice president of acquisitions for Acre, said in the release. “We’re very excited to partner with an accomplished firm in Southeast Partners to bring our vision for this development to life, and we're thrilled to expand our footprint to an under-supplied Southeast submarket situated in a region that continues to see healthy economic growth and exceptionally strong demand for affordable high-quality apartments.”

Pepper Hall is located less than 20 miles northeast of Savannah in one of the Southeast’s fast-growing regions. Since 2000, the market has seen its population increase by approximately 55%, the release said.

Through a series of equity and debt funds, Acre manages more than $3.2 billion in assets across private real estate investments and loans, the release said.