Henley’s USA division has completed the off-market acquisition of a 779-acre site in Gettysburg, Pa., which has vested approval for the development of new homes focused on those aged 55 and over with a development value of $400 million.
The development, which will be branded as Amblebrook, will consist of 2,000 age-restricted housing units, including both single-family attached and detached homes, along with resort-style recreational facilities. Alongside the housing, a portion of the property will be reserved for a working farm that will provide locally grown produce to residents as well as indoor and outdoor pools, a clubhouse, a health and wellness center, and a farm-to-table restaurant.
The deal marks Henley Corbelis’ first venture into “age-appropriate retirement living”, a sector that is predicted to account for up to 30 percent of all U.S. housing demand by 2020.
“Henley USA invested over $130m in the multifamily sector in 2017, whilst in the Un
