Projects
Fair Lakes
Fair Lakes consists of the strategic repurposing of two high quality office buildings into central Fairfax County’s premier active adult community. The Sponsors can deliver a best-in-class asset with less risk and in far less time than competing ground-up strategies. Residents will enjoy apartments with high ceilings, luxurious interiors, and plenty of amenity space.
INTERIOR DESIGN
Residents will enjoy high ceilings, stainless steel appliances, granite kitchen countertops, and walk-in closets.
AMENITIES
The project’s amenities include a health and wellness club with a yoga studio, bistro and sports lounge, exterior dining deck, golf simulator, art studio, dog wash, and more.
LOCATION
Fair Lakes is situated in the western portion of Fairfax County, Virginia, recently ranked as the 5th most affluent county in the nation. It is within the Washington, D.C. Metropolitan Area. The immediate area benefits from economic anchors including the federal government, private companies that service the federal government, and the growing tech industry.
PROJECT DETAILS
Project Type:
Multi-family residential
Project Sponsor:
Urban Atlantic Development
Construction Start Date:
Q4 2024
Construction End Date:
Q2 2026
EB-5 Capital Amount:
$19,200,000
Capital Structure:
Common equity
Investment Term:
Target a sale of the project after 4 years
Number of Investors:
24
Job Creation:
587* (24 jobs per investor)
Projected Investor Return:
Earn up to approximately 1.5X your investment amount1
*Estimated.
1 Earn up to approximately one and one-half times your investment amount over the life of the project, based on operating projections at the time of a sale using a 5.00% exit cap rate.
