Markley + Main: $29M equity placement secured for multifamily development in Downtown Greenville

CHARLOTTE, Jul. 17, 2025 – JLL Capital Markets announced today that it has arranged a $29 million equity placement for Markley + Main, a 277-unit, Class A multifamily development in Downtown Greenville, South Carolina.

JLL worked on behalf of the developer, SunCap Property Group, LLC, in arranging the equity placement with Peakline Real Estate Funds.

Markley + Main, located at 1015 S Main St. in Greenville's vibrant West End Historic District, will offer residents direct access to downtown's thriving Main Street corridor with its diverse array of retailers, restaurants, galleries and entertainment venues. The property sits adjacent to Flour Field, home to the Greenville Drive (Boston Red Sox High-A affiliate), and is within a five-minute walk to The Peace Center performing arts complex.

Downtown Greenville has experienced remarkable growth, with the population increasing 56% between 2010-2024. The area boasts an average household income of $124,122 and continues to attract young professionals seeking urban amenities with convenient access to major employers including BMW North America, Michelin and GE Power.

JLL Capital Market’s Equity Advisory team was led by Managing Director Taylor Allison and Associate Nicholas Thornton.

"Markley + Main represents a significant opportunity in one of the Southeast's fastest growing downtowns," said Allison. "The project's location in a qualified opportunity zone, combined with SunCap's track record of delivering premium multifamily communities, makes this an attractive investment in today's market."

The development will feature a mix of studios, one-, two- and three-bedroom units, with an average size of 934 square feet. Residents will enjoy luxury amenities including a resort-style pool, state-of-the-art fitness center, rooftop lounge with stadium views, golf simulator and electric vehicle charging stations. Unit finishes will include stainless steel appliances, quartz countertops, 10’ ceilings and private balconies or patios.

SunCap Property Group plans to begin construction in June 2025, with first units delivering in Summer 2027.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Charlotte-based SunCap Property Group is a national commercial real estate development, investment and advisory firm with offices in Denver, C.O., Charleston, S.C., and Pittsburgh, P.A. SunCap specializes in speculative and single-tenant, build-to-suit distribution facilities, mixed-use and multifamily communities, and the acquisition of institutional-grade real estate in select markets. SunCap has developed more than 28 million square feet of commercial properties valued at more than $8 billion and has successfully completed build-to-suit projects across the U.S. for Fortune 500 companies. For more information about SunCap, please visit suncappg.com.

Peakline Real Estate Funds (“PREF”) is a private real estate investment firm providing direct access to real estate opportunities across multiple property types, including rental housing, industrial, office, and retail properties. PREF currently has over $1.7 billion in equity invested across six funds and select individual investments, totaling $5 billion in gross value across 17 million square feet in more than 15 key growth markets in the U.S. PREF is a part of Peakline Partners, an SEC-registered investment adviser and private investment firm that provides direct access to multi-faceted real estate opportunities. For more information about PREF, please visit: peakline.com/real-estate/