Twin Lakes Georgia is a rural single-family home EB-5 project located near Atlanta, Georgia.
The project experienced a robust sales volume in March 2023, with 15 home units sold during that month.
Twin Lakes’ financial success reduces risk for EB-5 investors. Specifically, a well-structured project like Twin Lakes increases the likelihood EB-5 investors will be repaid since the project is profitable. And by spending according to the budget, Twin Lakes creates the planned number of jobs, which increases the chances that EB-5 investors will receive their Green Cards.
March 2023 Sales Data for Twin Lakes
Significant Sales in March 2023
A High-Demand, Well-Capitalized Target Market
Kolter and EB5AN: A Highly Successful Team
Learn More about Twin Lakes
March 2023 Sales Data for Twin Lakes
- 15 new home sales in March
- 16 new home closings in March
- 496 homes sold in total
- 346 homes closed in total
In this article, we provide an update on the Twin Lakes project and the factors behind its remarkable sales volume.
Significant Sales in March 2023
The Twin Lakes project is fully underway, with more than 490 homes sold out of a planned total of 1,300 planned units. The average number of sales in 2022 was 14 home sales per month. This strong sales pace has continued into 2023, given the 15 home sales in March and 14 sales in February.
Strong sales are noteworthy given the high interest rates in 2023 and uncertainty in many real estate markets. The demand for active adult communities remains strong. This seems especially true in the Southeast among retirees.
EB-5 applicants can invest in Twin Lakes with confidence given the project’s track record of success.
A High-Demand, Well-Capitalized Target Market
Seniors and retirees are among the wealthiest population segments in the United States. More than 60% of Baby Boomers are homeowners and have an average annual income of more than $73,000.
The Baby Boomer generation, born between 1946 and 1964, has been earning and saving over their lifetime. This generation has benefited from long-term economic growth and stock market gains.
Many seniors have equity in their existing homes. As they move into retirement, many choose to downsize. This frees up capital to invest in properties that better suit their needs. This equity provides seniors with the purchasing power necessary to enter the real estate market.
In addition to their equity and savings, many retirees benefit from Social Security and pension income. This means many seniors have stable monthly cash flow. As a result, seniors often have a substantial amount of disposable income and savings.
With communities available now that cater to their specific needs and desires, many seniors are moving.
Furthermore, retirees are increasingly prioritizing experiences and quality of life over material possessions. This trend has led to a growing demand for amenity-rich, age-restricted communities. Seniors want to live where services and facilities are tailored to their needs. These factors have created an attractive target market for real estate developers.
The strong financial position of seniors in the United States is further bolstered by tax benefits for seniors. For example, many states offer property tax breaks for seniors, making it more affordable for them to buy homes.
Sunbelt states like Georgia are growing. Some of this growth is due to seniors moving into the region from out of state. Some of the biggest reasons people are moving to the Sunbelt include a favorable climate, lower cost of living, and attractive tax policies.
These factors have positioned Twin Lakes for success. Twin Lakes offers many appealing amenities for active adults, including a state-of-the-art clubhouse and event spaces. Residents enjoy access to walking and biking trails and water access. The community also features the largest private pickleball complex in Georgia. These facilities and other community activities allow residents to build friendships, stay active, learn, and enjoy life.
Twin Lakes is conveniently located approximately an hour away from Hartsfield–Jackson Atlanta International Airport, making it an ideal destination for seniors and their families.
Kolter and EB5AN: A Highly Successful Team
Since 1997, the Kolter Group has never failed to repay a loan or complete a project. As one of the largest developers in the Southeast United States, Kolter has invested in projects worth more than $24 billion. Its projects are known for quality and attention to detail. Kolter is an experienced single-family home community developer. The company has built more than 20,000 homes.
EB5AN has partnered with Kolter on more than 10 EB-5 projects. These projects have a 100% project approval rate from USCIS. EB5AN is a reliable EB-5 regional center sponsor with an exceptional track record of successful projects. By structuring EB-5 deals with top developers like Kolter and through a deep understanding of the EB-5 program, EB5AN offers EB-5 investors low-risk, high-quality projects. EB5AN has been able to help more than 2,300 investors from around the world begin the EB-5 immigration process.
Learn More about Twin Lakes
Twin Lakes Georgia is a thriving single-family home development that has continued to have strong sales. Its financial strength makes it an attractive investment option for EB-5 visa applicants.
The project targets a high-demand, well-capitalized market of seniors and retirees. It is being built by a highly successful developer and sponsored by an experienced EB-5 regional center. Twin Lakes offers an excellent opportunity for EB-5 investors seeking both immigration success and a timely return of their investment.
To learn more about the Twin Lakes project, schedule a free consultation with EB5AN.
