Acron launches new US project
Acron has begun sales for the third project in its U.S. Senior Living investment series. The investment is in a senior living community near Austin, Texas.
Construction of The Hacienda at Georgetown, a 230-unit senior living community, is scheduled to begin in the second half of 2020. The complex is being built opposite the well-known Del Webb community Sun City and, according to Acron, is aimed at a financially strong target group. The proportion of so-called independent-living units, i.e. apartments without direct assistance or care, is to be 125. For the so-called Assisted Living 81 units are planned and for "Memory Care" 24 units.
The total investment volume of the new development is $85.6 million, of which investors are being offered $24.5 million for participation. Acron is offering a return of 14% p.a. (IRR).
The Hacienda at Georgetown is the real estate company's third senior living project in the United States. A senior living community in Texas has been operational since early last year, and construction on the second project, Oklahoma University, began in April 2020, the company said. (ah)
