ATLANTA, GA - Brook Farm Group announced plans to develop The Sinclair at Ellenton, a 217-unit Class A, garden-style multifamily community in a fast-growing, “path of growth” corridor in the Sarasota-Bradenton MSA. The Atlanta-based firm is partnering with First Horizon Bank as the construction debt provider and Fundrise as its preferred equity partner, with Brook Farm Group providing the common equity to complete the capitalization. BFG worked with Patterson Real Estate Advisory Group to secure the debt and preferred equity financing for the project.
The development is being constructed on a 13.92--acre site at the intersection of U.S. 301 and 96th Ave. in Ellenton, FL, offering direct access to I-75 and I-275 and the strong regional employment centers in the Sarasota-Bradenton and Tampa-St. Petersburg MSAs. The property is just north of Lakewood Ranch and east of Bradenton in rapidly growing Manatee County.
“We are excited to expand our presence in the Florida market in this unique location that is experiencing considerable population growth and demand for modern, upscale rental housing,” said Peter DiCorpo, Chief Operating Officer, Brook Farm Group. “This community is in an established residential area with great retail options, top-notch schools and unparalleled access to multiple employment centers.”
The general contractor, Fortune Johnson, plans to begin construction immediately and first units are expected to be available for occupancy in early 2027.
The Sinclair at Ellenton will include two, three-story buildings and three, four-story buildings with enclosed, conditioned corridors and bright, open-concept floor plans that complement today’s lifestyle trends. The average unit size will be 941 square feet and apartments will include gourmet kitchens, stainless steel appliances, large kitchen islands with bar seating, terraces, and balconies. There will also be 97 garages designed in a “tucked under” layout beneath the residential buildings providing direct access to residents.
“The Sinclair at Ellenton reflects BFG’s continued focus on developing high quality rental communities in ‘path of growth’ Sunbelt markets,” said Eric Hade, Brook Farm’s Chief Investment Officer. “Along with a premier location, the new community will feature a blend of amenities catering to residents seeking a more boutique, upscale living environment.”
Community amenities will include a resort-style, zero entry, saltwater pool with cabanas; a stand-alone clubhouse; a 24-hour fitness center that will offer a yoga studio with group fitness and personal workout rooms; along with a co-working space, a conference room, a game area, and electric vehicle charging stations. There will be plentiful exterior recreation spaces with private grills and seating, a dog park, and a putting green.
The project offers convenient access to major employment hubs throughout central southwest Florida, including Sarasota, Bradenton, St. Petersburg, and Tampa. The area is home to a number of major employers, including FCCI Insurance Group, Northwestern Mutual Suncoast, PGT Innovations, Sarasota Medical Center, Sun Hydraulics Corp., and Tropicana Products.
About Brook Farm Group: Brook Farm Group is a boutique multifamily investment and development firm focused on cultivating capital and creating vibrant communities in dynamic markets throughout the Sunbelt and Mountain states. The firm focuses on markets with strong business climates that support long-term job creation and dynamic housing opportunities. Founders Peter DiCorpo and Eric Hade leverage a combined 50+ years of experience in multi-family development, acquisitions, joint ventures, investment, and asset management across more than 40,000 units and $10 billion of real estate. The firm is based in Atlanta and is backed by private capital sources that are committed to supporting a vision for creating long-term value for investment partners and long-term appeal for residents. For more information, visit www.brookfarmgrp.com
About Fundrise: With more than 2 million users, Fundrise is the largest direct-to-investor alternative asset manager in the country. For 10+ years, their mission has been to use technology to build a better financial system for the individual. Fundrise builds software that enables them to develop and deliver investments designed to give their clients a performance edge in any economic environment. Their $3+ billion in assets under management include investment vehicles focused on real estate private equity, private credit, and growth equity. For more information, visit www.fundrise.com
About First Horizon: First Horizon Corporation originated in Memphis, TN in 1864. The firm was founded on the premise of providing banking and credit needs to finance commercial growth in the city. First Horizon has since transformed into a multi-disciplinary corporation that offers regional banking, wealth management, and capital markets services to their customers. The bank has over 490 locations and has a total of $88.7 billion in total assets.
About Patterson Real Estate Advisory Group: Patterson Real Estate Advisory Group is a capital placement and real estate finance advisory firm that represents owners, developers, and investors seeking capital to leverage commercial real estate opportunities. Patterson arranges construction, bridge, mezzanine, and permanent financing while also coordinating equity and joint venture formations along with general finance advisory work. The primary focus is helping clients across different property types access investors at a variety of different levels of the capital stack, matching the specific need with the appropriate capital provider. Patterson has office locations in Atlanta, Charleston, Charlotte, Dallas, Nashville, and Tampa.
About Fortune Johnson: With over 35,000 units completed, Fortune-Johnson is the premier contractor for building multifamily projects in the Southeast. Our construction projects showcase a wide range of product types, including garden-style apartments, retirement communities, student housing, high-density, and mixed-use developments. We take pride in our industry-leading record of completing assignments on time and within budget. Through long-term relationships built on mutual trust and our standard of excellence, our goal is to become your preferred contractor.