Twin Lakes Georgia, a single-family home development for active adults age 55+ near Atlanta, Georgia, remains one of the most successful EB-5 projects on the market. Part of what makes this project a great option for EB-5 investors is strong, consistent EB-5 job creation resulting from ongoing construction activities.
Twin Lakes is being built by the Kolter Group. Kolter is one of the largest homebuilders in the Southeast United States has built more than 25,000 homes. Their Cresswind brand focuses on building active adult communities like Twin Lakes. Kolter’s market knowledge and ability to perform in a difficult economy has driven this project’s financial success.
Twin Lakes Georgia is located in the city of Hoschton, Georgia. Hoschton is situated within the Jefferson, Georgia micropolitan statistical area, which was ranked by an independent study as the #1 Rural Area for EB-5 Investment.
Recently, Twin Lakes Georgia was named the 55+ Housing Community of the Year at the Annual OBIE Awards gala. They also won Gold awards in Best Landscape Design and Best Amenity.
As a testament to the award-winning community, Twin Lakes has kept up a strong, consistent sales volume throughout 2022 and 2023. Sales have remained high despite increasing mortgage rates. Strong sales mean more than just profits. After a home is sold, vertical construction begins. Construction activities result in job creation for EB-5 investors.
In June 2023, Kolter spent approximately $6.8 million furthering development of the project. This spending resulted in the creation of 90 EB-5 eligible jobs.
Financial success and job creation are the two key factors that make Twin Lakes one of the safest EB-5 projects available. EB-5 investors can have confidence that enough jobs will be created for them to qualify for Green Cards and that they will be repaid.
June 2023 Job Creation Progress for Twin Lakes
The Importance of Job Creation for EB-5 Investors
Reasons for Twin Lakes Georgia’s Success
Learn More about Twin Lakes Georgia
June 2023 Job Creation Progress for Twin Lakes
$6.8 million of new development expenditures created approximately 90 new EB-5 jobs.
The Importance of Job Creation for EB-5 Investors
The EB-5 program requires each foreign investor’s investment funds to create at least 10 new jobs for U.S. workers. When an EB-5 investor has completed his or her two-year period of conditional residence in the United States, he or she must prove to USCIS that these jobs were created. As a result, an EB-5 project’s level of risk is tied to its job creation.
Certain EB-5 projects on the market are in the early stages of construction or may not have started construction at all. These kinds of projects are unlikely to have already created the required jobs for all their EB-5 investors.
If such projects run into financial difficulties, they may not spend enough money on development to create sufficient EB-5 jobs. EB-5 investors in such projects could have their EB-5 applications denied by USCIS.
Investing in an EB-5 project that has already created all required jobs, however, significantly reduces immigration risk. Generally, the more jobs already created by an EB-5 project, the lower the immigration risk to EB-5 investors.
Because of its existing job creation, Twin Lakes Georgia offers EB-5 investors a level of immigration safety that is rare in the EB-5 market.
EB-5 investors in Twin Lakes can invest with confidence. Enough jobs have already been created for them to remove conditions from their temporary Green Cards and remain in the United States as permanent residents.
Reasons for Twin Lakes Georgia’s Success
A Wealthy Target Market Unaffected by Rising Interest Rates
As an age 55+ community, Twin Lakes targets a fast growing, affluent buyer segment—aging baby boomers. With an industry average move-in age of 72, the active adult segment is at the forefront of the baby boomer wave. Historically, 55+ age-restricted communities command strong premiums over market rate housing. Additionally, since buyers are often already homeowners, they tend to have significant equity in their previous home.
Baby boomers are the wealthiest demographic in the United States. They have significant homebuying power since they can make larger down payments. According to Fortune, baby boomers housing wealth totals $18 trillion—more than triple the amount owned by millennials.
As of last year, baby boomers reclaimed their place as America’s top homebuying group. The title had been held by millennial homebuyers from 2014 until 2022.
With more savings and equity at their disposal, many seniors make large down payments. In many cases, seniors pay for new homes in cash, without the need for a mortgage.
About 50% of buyers in Twin Lakes pay in cash instead of using a loan. With less or no need for a mortgage, these buyers are not as impacted by the current higher costs of borrowing.
By targeting the senior demographic, Twin Lakes has positioned itself for long-term success.
Ideal Location and Amenities for Active Adults
Seniors and retirees who are looking for new housing often want to be close to a major urban center. Living close to a large city gives them access to healthcare, transportation, shopping, and other key services and amenities.
Twin Lakes is only one hour away from Hartsfield–Jackson Atlanta International Airport. This airport is a central transportation hub and home to Delta airlines. The Atlanta metro area is also known for its world-class healthcare.
In addition to having access to Atlanta and other local businesses, Twin Lakes offers an appealing list of on-site amenities. These include a state-of-the-art clubhouse, event spaces, and a variety of athletic and recreational facilities. Many of these amenities are already completed and open to residents.
Kolter: The #1 Active Adult Homebuilder in Atlanta
In 2022, the Kolter Group was the largest active adult single-family homebuilder in the Atlanta metro area. Kolter had a 17% market share, ahead of Lennar, PulteGroup, and DR Horton. Recently, both Lennar and DR Horton announced a major investment from Warren Buffet’s holding company Berkshire Hathaway, which shows how attractive the new homebuilding market is right now.
Kolter’s projects, particularly its Cresswind brand for active adults age 55+, have been recognized nationally. Twin Lakes is a Cresswind-branded community.
Kolter has invested in over 180 projects worth over $24 billion and is led by an experienced team with over 200 years of collective experience in real estate.
The company has also received numerous accolades and awards. Among these, it has been named one of the top 25 largest private single-family home builders in the United States.
Kolter has a strong reputation and excellent underlying financials. The company has been able to secure loans from five of the 10 largest banks in the United States. It has over $1.5 billion of loan commitments from major lenders.
The company has an impeccable track record of repaying billions of dollars in debt. In its 25+ year history, Kolter has never failed to repay a loan or complete a project.
Kolter and EB5AN have worked together on 10+ prior EB-5 projects. All prior Kolter–EB5AN projects have either been completed as planned or are on track toward successful completion. All EB-5 funding in these projects has either been repaid or is in good standing.
Learn More about Twin Lakes Georgia
EB-5 projects rarely offer both a high level of financial security and strong immigration safety. With all EB-5 jobs created, a loan repayment guaranty, and other top features, Twin Lakes stands out in the market.
EB5AN structures financially strong, USCIS-compliant projects to help EB-5 investors protect their hard-earned funds and get U.S. Green Cards as quickly as possible.
To learn how you and your family could be approved for U.S. Green Cards in as little as 11 months, schedule a free consultation with EB5AN to learn more about Twin Lake’s exceptional benefits for EB-5 investors.
