Twin Lakes Rural EB-5 Project Announces Strong Sales in March 2023
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 16 home units sold during that month.
Twin Lakes’ financial success makes it a safe investment option for EB-5 visa applicants.
Investing in a well-structured project like Twin Lakes increases an EB-5 investor’s chances of both immigrating successfully to the United States and getting a timely return on their funding.
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 16 home sales in March and 14 sales in February.
This strong sales volume is especially noteworthy given the high-interest rates in 2023 and uncertainty in many real estate sectors. However, the demand for active adult communities, especially retirees, remains strong.
EB-5 applicants can invest in Twin Lakes with confidence given the project’s ideal target market.
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.
First, the Baby Boomer generation, born between 1946 and 1964, has amassed significant wealth over their lifetime. This generation has benefited from long-term economic growth, stock market gains, and the accumulation of assets such as real estate. As a result, many seniors have a substantial amount of disposable income and savings available.
In addition to their accumulated wealth, many retirees benefit from Social Security and pension income, providing them with a stable monthly cash flow. This financial security allows them to explore real estate opportunities, particularly those that cater to their specific needs and desires, such as active adult communities.
Another reason for the strong financial position of seniors is that they often have substantial equity in their existing homes. As they transition into retirement, many choose to downsize, freeing up additional 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.
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 that offer a range of services and facilities tailored to their needs. Such developments present an attractive investment opportunity for seniors seeking to enhance their retirement years, making them an ideal target for real estate developers.
The strong financial position of seniors in the United States is further bolstered by tax benefits that cater specifically to their demographic. For example, many states offer property tax breaks for seniors, making it more affordable for them to invest in real estate.
Population growth in Sunbelt states like Georgia is also growing. This trend is driven by factors such as favorable climate, lower cost of living, and attractive tax policies, making these regions increasingly popular among retirees and seniors.
Twin Lakes offers many appealing amenities for active adults, including a state-of-the-art clubhouse, additional event spaces, walking and biking trails, and a high-quality golf course. Residents can also participate in various community activities.
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: A Highly Successful Developer
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 developed projects worth more than $19 billion. Its projects are known for quality and attention to detail.
EB5AN has partnered with Kolter on more than 10 EB-5 projects with a 100% project approval rate from USCIS. EB5AN is a reliable EB-5 regional center sponsor because it has an exceptional track record of successful projects, strong relationships with developers, and a deep understanding of EB-5 program requirements.
With its expertise and commitment to client success, EB5AN has been able to help more than 2,000 investors from around the world begin the immigration process.
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