Material Capital Partners Secures $77.8M for 40-acre Shawnee Community

Material Capital Partners has secures $77.8M in financing and has broken ground on a new build-to-rent community in Shawnee. Photo credit: Material Capital Partners.

Posted October 7, 2025

Material Capital Partners announced it has secured funding to begin construction of the Harmony at Clear Creek project, a 188-unit build-to-rent residential community in Shawnee.

Real estate development and investment firm Material Capital Partners secured $77.8 million in project financing from Bank OZK, according to a release. Harmony at Clear Creek also represents Material Capital Partners’s third collaboration with financial partner Bluerock.

“This closing is an important milestone in our growth strategy,” founder and Managing Partner of Material Capital Partners, Alex Chalmers, said in the release. “We identified Kansas City three years ago as a supply-constrained market with strong demand, and it has become one of the fastest rent growth markets in the country.”

Harmony at Clear Creek will feature 188 single-family homes and townhomes across approximately 40 acres. Homes will offer a mix of three- and four-bedroom floor plans ranging from 1,600 to 2,400 square feet. Each residence will include a two-car garage, private patio, fenced backyard, and mudroom with built-in storage cubbies. Interior finishes will feature granite countertops, stainless-steel appliances, walk-in showers, and spacious walk-in closets.

The developer anticipates that the first available units for rent will be completed in October 2026, with the full project completion targeted for February 2028.

The closing marks a major milestone for Material Capital Partners as it expands into the Midwest and completes the final investment from its BTR Development Fund I. Material Capital Partners is working on two other build-to-rent communities, including Indigo Cove, an 83-unit upscale townhome community in Bluffton, South Carolina, and River Ford, a single-family cottage neighborhood in Brunswick, Georgia, both of which are now under vertical construction.