Housing Trust Group Closes On Financing Of Forest Cove Phase II

CHATTANOOGA, Tenn. - Dec. 16, 2015 - PRLog -- Housing Trust Group (HTG), a leading real estate developer in Florida, the Southeastern U.S. and Arizona, has closed on the financing of Forest Cove Apartments Phase II, a $9.4 million, 72-unit rental community in Chattanooga. Construction began in November and the construction phase will take an estimated 12 months. With a variety of novel features, Forest Cove is singular in the Chattanooga market offering upscale amenities, lush greenery and park space, garages and a unique lifestyle for the community’s entrepreneurial culture.

“We are very pleased to be progressing to Phase II at Forest Cove Apartments especially since Phase I is 97 percent leased,” said Matthew Rieger, President/CEO of Housing Trust Group. “Forest Cove has been a pacesetter for apartments of the future combining greenery and park space with modern design and technology. Designed as a retreat in a natural environment and a place to inspire creativity for the technologically savvy, Phase II renters will be equally attracted to its amenities and lifestyle.”

Located at 7700 Aspen Lodge Way, Forest Cove Apartments Phase II will offer a mix of 12 one-bedrooms at $875/month, 30 two-bedrooms at $1,075/month and 30 three-bedrooms at $1,250/month. ‘Hard-hat’ pricing and introductory reduced deposits now available are only offered to those who pre-lease before the project’s completion.

Forest Cove’s ‘resort lifestyle living’ amenities already include a beach entry, luxury salt-water swimming pool with cabanas, a heated Jacuzzi, modern, spacious clubhouse with cutting edge technology with free Wi-Fi throughout, state-of-the-art 24-hour fitness center, yoga studio, ‘carefree valet waste’ system, lush landscape park, playground, leash-free dog park and car care center. New amenities added in Phase II include a fountain, mail kiosks, outdoor fireplace, landscaped sidewalks and walkways.

Residences include 9-foot vaulted ceilings, granite countertops, high-end stainless steel appliances including microwaves, ceiling fans, spacious closets and private balconies or patios. Property management will be handled by HTG Management.

Forest Cove Apartment renters also have the opportunity of participating in a Preferred Employer Program that waives fees and offers additional discounts.  Participating employers include Volkswagen, Amazon, Unum Insurance, Erlanger Hospital East, Memorial Hospital, the Hamilton County Department of Education, 911 Center and Police Department and the Chattanooga Police and Fire departments. For more information, visit http://www.forestcoveapartmentshtg.com/ or call 423-521-7700.

AboutHousingTrustGroup

Housing Trust Group (HTG) is the parent company of various affiliated real estate companies. Its real estate transactions exceed $2 billion in commercial, land and residential developments across Florida, the Southeastern U.S. and Arizona. From affordable residential housing to market-rate residential, to retail, mixed-use and vacation resort communities, HTG’s network of fully-integrated real estate operations provides a level of service to the real estate industry that is unparalleled. For more information, visit www.htgf.com.