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.

The Hacienda at Georgetown senior living community (visualization: Acron).

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)

(Visited 39 times, 1 visits today)

More articles on the topic