The duo of black real estate developers, Booker T. Washington, CEO and Rashad Jones-Jennings, COO looks set to challenge the status quo in the real estate market in the Greater Atlanta area and other parts of the United States with the creation of South Park Cottages in College Park, Ga. In a related development, the company is opening up the space for interested private and institutional investors to be a part of the $5.6 million project.
The global real estate market has undoubtedly witnessed a series of evolution over the years, as more people and businesses look to be a part of the lucrative industry. A recent report by MSCI Inc. put the size of the professionally managed global real estate investment market at $10.5 trillion in 2020, a significant increase from the $9.6 trillion in 2019, considering how hard the Covid-19 pandemic hit the world. Despite the amazing figures from the market, thousands of potential investors still struggle to be a part of the industry. However, Booker T. and Rashad Jones-Jennings look poised to change this narrative as substantiated with the creation of South Park Cottages.
The $5.6 Million project currently ranks as the 7th largest micro/tiny home community in the United States and the largest tiny home community in GA. The strategic location of the community, adjacent to the world’s busiest airport, shopping, convention and tourism, and major corporations such as Chic Fil A, is a feature that will make it an amazing asset to investors with great potentials for fantastic returns in the long and short term.
South Park Cottages (nickname- THE PARK) is making history across different fronts by becoming the 1st black-developed micro-community in the U.S. The pricing of the project is amazingly attractive, with the average home price of a cottage standing at $180k, considering that the average median home price in the Greater Atlanta area is $375k, with experts predicting the value of houses in the area to rise due to its amazing features. These amazing features include solar and sustainable energy lighting, fiber optics, organic gardens, green space, and walking path.
For more information about South Park Cottages and to be a part of the fantastic real estate community, visit – www.southparkcottages.com.