The Ivory on Long Creek marks SIH’s third project with Mandrake Capital and first in the Charlotte metropolitan area
-- Southern Impression Homes (SIH), a full-service real estate development firm specializing in Build-to-Rent (BTR) communities, is nearing completion of The Ivory on Long Creek, a 112-unit cottage-style community in Gastonia, North Carolina. The fee-build development marks SIH’s first project in the Charlotte metropolitan area and its third project with Mandrake Capital, extending a relationship that began with two developments in Florida.
The Ivory on Long Creek reflects SIH’s ability to bring its vertically integrated development and construction capabilities to projects across multiple markets while providing partners with consistent execution from development through delivery. For Mandrake Capital, the project builds on an established relationship with SIH as the group expands on its robust BTR portfolio.
“We are proud to have been selected to execute on Mandrake’s vision for The Ivory on Long Creek,” said Chris Funk, President and CEO of Southern Impression Homes. “Our team brings significant experience across the development and construction process, which gives us greater control over cost, quality and timelines from the earliest stages of a project through completion. This is our third project with Mandrake Capital, and that continued relationship is especially meaningful to us. Being selected to support their strategy again, this time in North Carolina, speaks to the kind of long-term partnerships we work to build through consistent execution.”
Located in Gastonia, approximately 21 miles west of Charlotte, The Ivory on Long Creek expands SIH’s presence in the Southeast and adds North Carolina to its growing multi-state portfolio, which includes projects in Florida, Georgia and Texas. As the community nears completion, the project provides another example of SIH deploying its construction platform to support partners pursuing opportunities across different markets.
The company's 140-person team brings experience across the BTR lifecycle, including structured finance, land entitlement, land development, homebuilding and asset management. SIH is part of the Sumitomo Forestry Group of homebuilders, the 5th largest home building organization in the U.S., providing additional scale and financial strength to support its operations. Sumitomo Forestry acquired an 80% interest in Southern Impression Homes in 2023.
About Southern Impression Homes
Southern Impression Homes is a vertically integrated real estate development firm specializing in Build-to-Rent communities. Its 140-person team brings experience across the BTR lifecycle, including structured finance, land entitlement, land development, homebuilding, and asset management. The company provides general contracting services for BTR developers, along with structured debt and equity solutions. Southern Impression Homes is part of the Sumitomo Forestry Group of homebuilders, the 5th largest home building organization in the U.S., providing global scale and financial strength to support its operations.
Learn more at SouthernImpressionHomes.com and follow Southern Impression Homes on Facebook, Instagram, LinkedIn, and YouTube for company and project updates.
Contact Info:
Name: Gabrielle Rohan
Email: Send Email
Organization: Southern Impression Homes
Website: https://southernimpressionhomes.com/
Release ID: 89205571
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