Spring Haven is a single-family active adult home development for seniors and retirees near Atlanta, Georgia. Part of what makes this project a great option for EB-5 investors is its consistently strong sales due to strategically targeting older, more affluent buyers. This target market is much less impacted by the elevated interest rates because of their ability to make larger down payments or buy the home entirely with cash.
Spring Haven is being developed by The Kolter Group. Kolter is one of the largest homebuilders in the Southeast United States. It has completed over 100 residential projects and delivered over 27,000 single-family homes. Today, Kolter has investments in 90+ additional residential projects, expected to deliver 65,000 units.
Their Cresswind brand focuses on building active adult communities like Spring Haven. Kolter’s market knowledge and ability to perform in a difficult economy has driven this project’s financial success.
In December 2024, there were 5 new home closings and 3 new homes sales, continuing the strong momentum. The 6 new home closings represent more than $3 million in revenue for the Spring Haven project.
Strong sales result in more than just profits, it means job creation for EB-5 investors. Financial success and job creation are the two key factors that make Spring Haven one of the safest EB-5 projects available. EB-5 investors can have confidence they will be repaid and that enough jobs will be created for them to qualify for Green Cards.
In this article, we explain the reasons behind Spring Haven’s exceptional success in a high-interest-rate environment.
December 2024 Sales Data for Spring Haven
The Reason for Strong Spring Haven Home Sales
- Kolter: The #1 Active Adult Homebuilder in Atlanta
- Ideal Location and Amenities for Active Adults
- A Wealthy Target Market Unaffected by Elevated Interest Rates
Learn More About Spring Haven
December 2024 Sales Data for Spring Haven
- 3 new home sales in December
- 5 new home closings in December
- 114 homes sold in total
- 51 homes closed in total
The Reason for Strong Spring Haven Home Sales
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 with 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 – a testament to the current attractiveness of the new homebuilding market.
The company’s projects, particularly its Cresswind brand for active adults over 55, have been recognized nationally. Spring Haven is a Cresswind-branded community.
Kolter has invested in projects with an expected value of over $30 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. In 2023, Home Builder Executive magazine ranked Kolter Homes as the #18 Private Home Builder in the U.S., with the #4 highest increase in closings in 2023.
In its 25+ year history, Kolter has successfully repaid billions in loans and has never failed to repay a loan.
Kolter and EB5AN have worked together on 25+ prior EB-5 projects. All prior Kolter–EB5AN projects have either been completed as planned or are on track to complete successfully. All EB-5 funding in these projects has either been repaid or is in good standing.
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.
Spring Haven is less than thirty minutes 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, Spring Haven offers an appealing list of on-site amenities. These include a state-of-the-art clubhouse, events spaces, and a variety of athletic and recreational facilities.
A Wealthy Target Market Unaffected by Elevated Interest Rates
Spring Haven is targeting a fast growing and affluent buyer segment—aging baby boomers. With industry average move-in age of 72, the active adult segment is right at the forefront of the baby boomer wave. Historically, 55+ age-restricted communities command strong premiums over market rate housing. In addition, since residents are predominantly former homeowners, they have built significant equity in their previous home.
Baby boomers are the wealthiest demographic in the United States, with significant buying power due to their ability to make larger down payments when purchasing homes. According to Fortune, baby boomers housing wealth totals $18 trillion—more than triple the amount owned by millennials.
In 2022, baby boomers reclaimed their place as America’s top homebuying group taking away the title held by millennial homebuyers from 2014 until 2022.
With savings and equity at their disposal, many seniors make substantial down payments. And, in many cases, seniors pay for new homes in cash, without the need for a mortgage.
Because Spring Haven has strategically targeted seniors, it will continue to benefit from their buying power, despite the higher cost of borrowing.
Learn More About Spring Haven
To learn more about the EB-5 immigration process and how Spring Haven can offer your family a safe path to U.S. immigration, schedule a free consultation with EB5AN.
