HOUSING TRUST GROUP OPENS $14M APARTMENT COMMUNITY IN CHATTANOOGA

CHATTANOOGA, TENN. — Housing Trust Group has opened the doors to Phase I of Forest Cove Apartments, a 120-unit resort-style multifamily community located at 7700 Aspen Lodge Way in Chattanooga. The development cost for Forest Cove is estimated at roughly $14 million. The property features one-bedroom units starting at $850 per month and two-bedroom units starting at $999 per month. Phase I units range in size from 750 square feet for one-bedroom units to 1,136 square feet for two-bedroom units. The community’s amenity package includes a saltwater swimming pool, heated Jacuzzi, clubhouse with free Wi-Fi, 24-hour fitness center, yoga studio, landscaped greenspace, playground, dog park and car care center. Riverstone Residential Group is providing property management services for the asset. The design team includes general contractor NorSouth and architect Michael Brady Inc. Walker & Dunlop provided construction financing for the project.