The construction of The Maxwell, a 200-unit garden-style
multifamily property in Rome, GA,
is now complete, currently in lease-up, and over 70% leased. Carter
Funds also announces its second multifamily development project,
Allegra at Cocoa, which is set to
begin construction in June
2024.
ROME,
Ga., June 24, 2024 /PRNewswire/ -- Carter Funds
announces the completion of The Maxwell, a state-of-the-art
multifamily residential community in Rome, Georgia. In partnership with the
developer, Gateway Development Corporation, the project delivered
200 thoughtfully designed apartment homes ahead of schedule and
within budget. ServisFirst Bank provided construction loan
financing for the project.
The Maxwell offers a range of modern amenities, including a
resort-style swimming pool, a fully equipped fitness center, a
resident clubhouse, and beautifully landscaped outdoor communal
spaces. With its prime location, residents will enjoy easy access
to the Atlanta metro as well as
local shopping, dining, and entertainment options.
"We are thrilled to officially open The Maxwell and witness an
impressive leasing response with over 70% of the property already
leased," said Ray Hutchinson, chief
investment officer of Carter Funds. "This project demonstrates our
commitment to creating high-quality, comfortable, and vibrant
living environments in growing submarkets. The Rome, GA market was recently ranked as the
sixth top metro in the U.S. for economic development and has
recently attracted new projects from major companies like Tesla,
Honda, and Microsoft."
Building on the success of The Maxwell, Carter Funds is pleased
to announce their next multifamily construction project, Allegra at
Cocoa, which is set to break
ground in 2024. Located in the picturesque coastal community of
Cocoa, Florida, Allegra at
Cocoa will offer luxury living
with easy access to the beach, Cape
Canaveral, Orlando, and
local attractions.
In collaboration with The Brownstone Group, the development
partner on the project, Allegra at Cocoa will feature 312 apartment homes,
boasting modern architectural designs and premium finishes.
Residents are expected to have access to top-tier amenities,
including: a premium fitness and wellness center, a resort-like
pool with outdoor kitchens and grills, a pet spa, and detached
garages. This project aims to blend modern living with the relaxed
coastal charm of the Cocoa Beach
community.
"We look forward to bringing Allegra at Cocoa to life," added Ray Hutchinson. "Our goal is to create a unique
residential experience that captures the essence of coastal living
while providing the highest standard of comfort and luxury at an
attractive price point."
About Carter Funds
Carter Funds is a fully integrated real estate investment company
built on over 300 years of real estate experience. With more than
$3 billion in assets under management
through its affiliated companies (Carter Multifamily, Carter
Exchange, Aphorio Carter, and Allegiant-Carter Management), Carter
Funds focuses on acquiring, developing, and expertly managing real
estate investments in high-growth industries and markets throughout
the Southern and Mid-Atlantic U.S. As of June 2024, Carter Funds manages a portfolio of
more than 10,000 apartment homes with assets under management
totaling approximately $3.1 Billion.
Learn more at carterfunds.com.
Media Contact:
Stacy
Sheedy
Vice President of Marketing, Carter Funds
ssheedy@carterfunds.com
813-358-5982
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SOURCE Carter Funds