Henderson Park Capital Partners and South Street Partners have formed a joint venture to acquire Palmetto Bluff, a waterfront property spanning Georgia and South Carolina.

Nick Weber, founding partner of Henderson Park, added, “Palmetto Bluff is an outstanding drive-to resort and residential destination set in a unique landscape which is set to benefit from the continued resilience of the premium leisure sector and South Carolina’s long-term appeal. The resort offers great potential for further expansion and we are excited to team up with South Street as operating partners to enhance a truly exceptional luxury community for residents, guests and members.”

Patrick Melton, managing partner at South Street Partners, commented, “This is a generational buy which perfectly aligns with our other assets, including Kiawah Partners, Kiawah Island Club & Real Estate, The Cliffs and The Residences at Salamander. Palmetto Bluff is a high quality, best in class property which fits seamlessly within our portfolio. The synergies are everywhere.”