The Twin Lakes Georgia EB-5 project has reached a significant milestone, securing over 100 Form I-526E approvals for its investors. Even more impressively, the most recent approvals have been processed in under nine months, showcasing the benefits of utilizing priority processing to expedite Form I-526E petition approval time.
The Twin Lakes Georgia EB-5 Project
100+ Form I-526E Approvals
Five Form I-956F “Exemplar” Approvals
Consistent Home Sales
3,300+ Jobs Created
Kolter: The #1 Active Adult Homebuilder in Atlanta
The Twin Lakes Georgia EB-5 Project
Twin Lakes Georgia, a single-family active adult home development for seniors and retirees 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 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 the population’s ability to make larger down payments or buy the home entirely with cash.
Twin Lakes is being developed by The Kolter Group, one of the largest homebuilders in the Southeast United States. This developer 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 Twin Lakes, and Kolter’s market knowledge and ability to perform in a difficult economy has driven this project’s financial success.
Twin Lakes Georgia was named the 55+ Housing Community of the Year at the 2023 Annual OBIE Awards gala. In addition, they also won Gold awards in Best Landscape Design and Best Amenity.
As a testament to the community’s award-winning offerings, Twin Lakes has kept up a strong sales volume throughout 2022, 2023, and through Q3 of 2024.
100+ Form I-526E Approvals
Achieving over 100 Form I-526E approvals is a significant accomplishment for the Twin Lakes project. This milestone not only reflects the project’s compliance with EB-5 regulations but also underscores the importance of investing in a rural targeted employment area (TEA) project with priority processing.
One of the most notable achievements is the reduction in processing times for the I-526E petitions associated with Twin Lakes. Recent approvals have been granted in less than nine months, a substantial improvement over historical averages, which have often extended beyond a year.
Five Form I-956F “Exemplar” Approvals
Twin Lakes Georgia has now received five Form I-956F approvals from United States Citizenship and Immigration Services (USCIS). Each of these Form I-956F petitions was approved without a single request for evidence (RFE) from USCIS.
USCIS granted one of ” target=”_blank”>Twin Lakes Georgia’s Form I-956F approvals in just 2.6 months, significantly faster than the USCIS average processing time of 7.0 months.
Consistent Home Sales
As of August 31, 2024, Twin Lakes Georgia has sold 670 homes, with over 540 homes already constructed and delivered to buyers. On average, that’s over 12 homes sold per month since home sales began in 2020.
Twin Lakes is targeting a fast-growing and affluent buyer segment—aging baby boomers. With an 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.
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. About 50% of buyers in Twin Lakes have paid in cash instead using a loan.
Because Twin Lakes has strategically targeted seniors, it will continue to benefit from their buying power, despite the higher cost of borrowing.
Strong sales result in more than just profits—they also mean job creation for EB-5 investors. 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 they will be repaid and that enough jobs will be created for them to qualify for Green Cards.
3,300+ Jobs Created
As of August 31, 2024, Twin Lakes Georgia has created 3,391 jobs. 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 directly 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 and construction stalls or never occurs, a project may not spend enough money on development to create sufficient EB-5 jobs. If this happens, 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 thousands of EB-5 jobs, however, significantly reduces immigration risk. Generally, the more jobs already created by an EB-5 project, the lower the immigration risk for the project’s EB-5 investors.
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. Twin Lakes 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, never failing to repay a loan along the way.
Kolter and EB5AN have worked together on 20+ prior EB-5 projects. All prior Kolter–EB5AN projects have either been completed as planned or are on track to be completed successfully. All EB-5 funding in these projects has either been repaid or is in good standing.
Learn More About Twin Lakes
To learn more about the EB-5 immigration process and how Twin Lakes can offer your family a safe path to U.S. immigration, schedule a free consultation with EB5AN.
