Parkland Residential has fully leased its first build-to-rent community, Sweetwater Springs in Lawrenceville, Georgia, within 90 days. The Atlanta-area community consists of 58 stacked townhomes surrounded by green park space, designed to meet a demand for “missing middle” housing in the area.
“This community is perfectly positioned to meet missing middle demand, and leasing 58 units in just 90 days proves we are on target with what the market needs,” says Jim Jacobi, president of Parkland Residential. “Our renters have an average income of $113,000, an average credit score of 652, and the mean age is 40 years old.”
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