PRESS RELEASE – FLATS AT SAM LANE – RINGGOLD GEORGIA

PRESS RELEASE

FLATS AT SAM LANE

RINGGOLD GEORGIA

I am proud to announce the closing on Flats at Sam Lane in Ringgold, GA.   The development is a 72 unit apartment complex with 50% , 60% and 70% AMI units and should be complete with construction in the early part of 2Q2022.  The property is being financed with federal and state tax credits which were acquired by Synovus Bank (federal) and Sugar Creek Capital (state).  Synovus Bank also provided construction financing and Georgia Housing Finance Agency provided HOME Funds.  The property is being built by BASE Construction and Management and will be managed by Wilhoit Properties.  The community was developed through the Atlanta office of Zimmerman Properties SE.

Robert C Davidson | Chief Financial Officer | Chief Operating Officer

Wilhoit Properties | Zimmerman Properties | Zimmerman Properties Construction