Fenland Townhomes is a build-to-rent townhome community developed by Holder Properties as part of the larger Nowell Creek Village master-planned development on Daniel Island in Charleston, South Carolina. Holder capitalized land held within its existing land bank and serves as developer and managing member of the co–general partnership, alongside East West Partners, with Silvercap Partners as the limited partner. East West Partners leads marketing, leasing, and property management efforts for the community.

The project includes 50 luxury three- and four-bedroom rental townhomes totaling approximately 142,000 square feet, designed to serve an affluent renter demographic in a supply-constrained market with limited residential entitlements. Underwriting required extensive market diligence around supply, demand, and political constraints, with built-in exit optionality for either rental or for-sale disposition enhancing risk-adjusted returns and resulting in a total basis per unit well below comparable for-sale product. Capital was sourced in a dislocated environment, including 55% loan-to-cost bank financing from Georgia Banking Company. Phased unit deliveries began in May 2025, with full delivery achieved by October 2025—approximately two months ahead of schedule.