Sunday, March 15, 2009

Atlanta Active Adult Builder Diversifies in Tough Economic Times

Jim Chapman Communities, Inc. Announces Jim Chapman Construction Services, LLC

Leading Atlanta active adult builder Jim Chapman Communities, Inc. announces the launch of Jim Chapman Construction Services, LLC (JCCS), a full-service general contracting firm. The company will assist banks and investors in their completion of foreclosed homes or REO (real estate owned) properties. Due to the current downturn in the housing market in the Atlanta metro area, many builders have been forced into foreclosure to release their assets back to the banks that issued the loans on the properties. Many banks are now finding themselves with multiple properties in an incomplete state. These distressed properties are in dire need of completion or risk permanent devaluation.

As a professional homebuilder still comprised of a strong team of both corporate and field staff, JCCS now offers its homebuilding expertise to certain banking and investor partners. “This is a great opportunity to diversify and to build up our banking and investor relationships. While we are unfortunately experiencing a slowdown in Jim Chapman Communities’ business, we can continue to keep our staff as well as our subcontractors busy through JCCS activities,” says the company’s president, Jim Chapman. To date, JCCS’ largest and most notable clients include SunTrust Bank and Resource Real Estate Partners, LLC.

An Atlanta-based builder and developer, Jim Chapman began building custom homes in Buckhead in 1998. Today, Jim Chapman Communities is an award-winning homebuilding company applying luxury home quality and service standards to active adult communities. Jim Chapman Communities currently builds elegant yet affordable one-level ranch condominiums and detached homes in communities across metro Atlanta including Douglas, Gwinnett, Cobb, Fulton and Forsyth counties. Planning and delivering extraordinary communities designed for the active adult lifestyle, Jim Chapman Communities offers Well-Earned Elegance for today’s active adults. For more information on Jim Chapman Communities, call (770) 319-7474 or visit www.JimChapmanCommunities.com.
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