In an economic climate marked by elevated interest rates and uncertainty, the EB5AN–Kolter Twin Lakes Georgia rural EB-5 project posted another record month of strong home sales. Twin Lakes is an active adult community with affordable, high-quality homes. While many other new real estate development projects are facing an increased risk of failure, the Twin Lakes project is a clear beacon in the current economic storm.
The month of April 2023 is clear proof of Twin Lakes’ financial feasibility. A total of 16 homes were sold—an impressive figure considering the challenging U.S. economy. April 2023 sales also exceed the average number of sales in 2022 of 14 home sales per month. Not only are new home sales continuing at a strong pace, but The Kolter Group is meeting the pace of sales with delivered homes. Kolter completed and delivered 13 homes to new buyers in April 2023.
April 2023 Sales Data for Twin Lakes
Factors Behind Twin Lakes’ Continued Success
- A High-Demand, Wealthy Target Market
- Prime Location
- The Kolter Group: An Ideal Developer
- High-End Amenities
A Financially Strong EB-5 Project
April 2023 Sales Data for Twin Lakes
- 16 new home sales in April
- 13 new home closings in April
- 512 homes sold in total
- 359 homes closed in total
What’s fueling Twin Lakes’ extraordinary success? The project’s unique strength is a blend of factors. Among these factors, the community has targeted a strategic demographic, is in an ideal location, and has an exceptional developer.
Factors Behind Twin Lakes’ Continued Success
A High-Demand, Wealthy Target Market
Twin Lakes is a master-planned community for active adults age 55 and over. This focus on senior citizens, a growing, wealthy demographic in the United States, has been a driving factor in the project’s success. Retirees often have substantial savings, making them an ideal market for real estate. At Twin Lakes, approximately half of buyers close on their home purchases with all cash, bypassing the need for mortgages.
This age group is rapidly growing and has significant buying power. Even so, relatively few communities cater specifically to their needs.
Prime Location
Location plays a critical role in real estate. Twin Lakes is close to Atlanta, which allows residents to enjoy the benefits of a vibrant city life while residing in a peaceful, age-restricted community.
As a whole, the Southeast is witnessing a population surge. People are relocating from areas like California’s Bay Area. This demographic shift is driving increased demand for quality housing options like Twin Lakes.
The Kolter Group: An Ideal Developer
A third factor in Twin Lakes’ success is the reputation and commitment of its developer, the Kolter Group. As one of the largest private developers in the United States, Kolter brings a wealth of experience and a track record of excellence.
Since 1997, Kolter has invested in more than 180 projects with expected value in excess of $24 billion. The company has built more than 20,000 single-family homes. Kolter has successfully repaid billions of dollars of debt and has never failed to repay a loan. Kolter’s reputation and performance have provided for strong, long-standing relationships with leading financial institutions in the United States. Kolter has secured loans from 5 of the 10 largest banks in the United States. As of year-end 2022, Kolter had more than $1.5 billion of loan commitments from lenders, including Wells Fargo, PNC, and Regions Bank.
Even in a more expensive borrowing environment, Twin Lakes has been able to secure a revolving senior loan to continue construction and keep selling more homes.
High-End Amenities
The unique amenities Twin Lakes offers contribute to its success. The development provides a range of lifestyle amenities such as a new, state-of-the-art clubhouse, extensive walking trails, and high-end recreational facilities. The long list of amenities is tailored to the interests and needs of active adults. It’s a community that offers not just a home, but a lifestyle. The community’s amenities have been a significant draw for potential buyers.
A Financially Strong EB-5 Project
Twin Lakes’ success has been achieved in the face of rising interest rates. This shows that the project is appealing to its target demographic and that these home buyers are financially strong.
The story of Twin Lakes is one of triumph in the face of adversity. Kolter’s experience and market knowledge have allowed it to strategically target the right demographic and an ideal location. Twin Lakes is meeting a clear market need. These factors have insulated the project from economic turbulence and positioned it for exceptional growth. The project has proven that even in uncertain times, real estate development projects can thrive with the right approach and a clear understanding of their market.
The financial strength of the project makes it a great choice for EB-5 investors. As the project continues to develop, Twin Lakes Georgia is set to remain one of the most compelling rural EB-5 projects available. With all EB-5 jobs already created and rural TEA designation, Twin Lakes is not only a financially strong project; it also offers a safe path to a U.S. Green Card for EB-5 investors.
Schedule a free consultation with EB5AN to learn more.
