CAPREIT, a fully integrated real estate operating company responsible for the ownership and management of more than $6 billion of multifamily assets in the U.S., today announced it has acquired Hart Townes, a single-family build-to-rent community in Spartanburg County.
Hart Townes, which features 157 three-bedroom townhomes, represents the newest rental property in the area, with first move-ins underway. Construction began in 2025 and is scheduled to complete later this year. Hart Townes marks CAPREIT’s second single-family build-to-rent community, joining Baldwin Chase in nearby Mauldin, S.C., which began leasing in 2024.
“We’re eager to expand our footprint in the single-family build-to-rent market, and Hart Townes is a welcome and ideal addition to the CAPREIT portfolio,” said Andrew Kadish, CEO and chief investment officer for CAPREIT. “New builds always generate a bit of organic excitement, and we’re confident that our trademark service levels will complement the refined living experience and elevate Hart Townes to one of the most desirable rental options in the surrounding area.”
Situated at 339 Hart Townes Way, the community boasts a commuter-friendly location 17 miles south of Spartanburg and 21 miles southeast of Greenville. Within Woodruff, residents have access to a variety of parks, green spaces and local shops in a charming small town.
Homes feature attached garages, 2.5 bedrooms and range from 1,570 to 1,693 square feet. Common-area amenities include a swimming pool and cabana, while the community also offers recycling service, trash retrieval and onsite property management and maintenance.
Homes feature hardwood floors, stainless steel appliances, granite countertops, in-home washers and dryers, air conditioning, ceiling fans, double vanities, high-speed internet access, extra storage space and private patios.
The acquisition is part of an active start to 2026 for CAPREIT, which also recently acquired three multifamily communities in the Northeast.