AUSTIN, Texas — AMTEX Multi-Housing LLC has received financing and started construction of Limestone Ridge Senior Apartments, an affordable seniors housing community in Austin. The property will feature 223 one- and two-bedroom units, plus two apartments for on-site managers. Units are reserved for those over age 55 making up to 60 percent of the area median income (AMI), which is $45,420 annually for a two-person household. The community will also feature a one-story clubhouse and will have 405 surface parking spaces, or 1.8 spaces per unit. Social services will be …
Texas
AUSTIN, Texas, and ALBUQUERQUE, N.M. — As advisor to Titan Development and EverWest Real Estate Investors, Cushman & Wakefield Senior Housing Capital Markets has arranged the sale of a pair of seniors housing assets in the Austin and Albuquerque metro areas. A joint venture between Watermark Retirement Communities and a global real estate investment manager acquired the properties for an undisclosed price. The portfolio consists of two new buildings with nearly identical layouts and unit mixes, each consisting of 77 assisted living units and 36 memory care beds, for a …
IRVING and PLANO, Texas — Cushman & Wakefield Senior Housing Capital Markets has arranged the sale of two seniors housing communities in the Dallas Metroplex. A real estate investment company acquired the properties for an undisclosed price. The communities total 265 units and include MacArthur Hills in Irving and Prestonwood Court in Plano. Senior Lifestyle Corp. manages both assets. The two Class A, infill properties offer a combination of independent living, assisted living and memory care. MacArthur Hills was recently constructed, while Prestonwood Court has a long history of strong …
DALLAS — Buckner Senior Living has opened Ventana by Buckner, a 301-unit seniors housing community in North Dallas. The project, designed by D2 Architecture, features two 12-story towers that include 189 independent living residences, 38 assisted living residences, 48 nursing apartments and 26 memory care residences. Buckner is collaborating with Baylor Scott & White Health for medical and spiritual care services, Stephan Pyles for culinary services, Cooper Aerobics for health and wellness, and Southern Methodist University for continuing education. Development costs were estimated at $140 million. Apartments range from 950 …