SOURCE: Southeastern Retirement Development

January 29, 2007 22:34 ET

The Residence of Sun River Savannah Caters to the Critical Needs of Retiring "Baby Boomers" and to Real Estate Investors in a Unique, Active Senior Housing Development

ATLANTA, GA -- (MARKET WIRE) -- January 29, 2007 -- Southeastern Retirement Development announces The Residence of Sun River Savannah as the first in a series of active senior retirement developments that will be built throughout the Southeast. The concept and design of this unique development has been a singular focus of 35 year veterans of active senior housing market Ben Tingle, CEO, and Rhonda Hatley, Senior Vice President of Southeastern Retirement Development, Inc. Due to the huge, oncoming wave of retiring seniors in need of affordable, resort style living The Residence of Sun River Savannah is proving to be attractive to savvy Real Estate Investors.

The groundbreaking for this new active senior (55+) retirement property was held on January 12, 2007 and attended by the Mayor of Savannah, Otis Johnson, and a cross section of city officials, real estate investors, architects, engineers and banking professionals. Now selling to Real Estate Investors, this turn key 288 unit development is truly a win-win for the community, the investors and particularly the seniors that will enjoy affordable resort style living in this active senior development. Marketed exclusively by Tonia Mann and Associates of Keller Williams Realty, Atlanta Partners, pre-construction pricing on single two bedroom units is $149,900. Floors of 8 units are $1,199,200 and each of the twelve 24 unit buildings is priced at $3,597,600.

The investors in this development will enjoy complete on-site management and leasing services in a property that is expected to appreciate rapidly due to the nearly overwhelming housing demands of the aging Baby Boom population. Of the seventy six million Baby Boomers that are now approaching retirement, almost a third will need an affordable retirement housing alternative like The Residence of Sun River.

The Residence of Sun River will become the "flag ship" development for a name that is postured to become the definition of well designed, active, senior living, rental properties. Located at 227 West Montgomery Cross Road, not far from the Atlantic Coast in beautiful, historic Savannah, Georgia, this investment offers a high quality, well built, low maintenance property postured for positive cash flow and solid long term capital gains.

About Southeastern Retirement Development

Southeastern Retirement Development (SRD) is a developer and operator of senior housing based in Atlanta, Georgia. With a "people first" focus, SRD exerts great effort in selecting the proper sites, and planning buildings/units to provide the highest quality of life for the residents. SRD coordinates all project aspects including: demographic studies, area analysis, plan review, building permits, design consultation, development, site selection and certification of occupancy.

About Tonia Mann and Associates, Keller Williams Realty, Atlanta Partners

Tonia Mann and Associates is a Keller Williams "Mega Team" based in Duluth, (Atlanta) Georgia. The National Sales Team of Tonia Mann and Associates exposes investment projects to the market through high profile real estate investment venues in major cities nation wide. Thriving on challenges and producing results through honesty, integrity and open communications, Tonia Mann and Associates is a recognized top real estate sales team in Atlanta and internationally.

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