MISSOURI CITY, Texas — Gardner Capital plans to complete construction on an affordable senior community, Jubilee at Texas Parkway, in Missouri City this month.
The development was made possible through affordable housing financing programs from the Texas Department of Housing and Community Affairs. The community will feature 82 garden-style apartments and is currently leasing.
Citibank served as the equity investment partner as well as the construction and permanent lender, while GCRE Construction was the general contractor for the project.
“Missouri City represents a vibrant and growing suburb for the Houston market and is a sub-market that we have been very excited about for years,” says Michael Gardner, president and CEO of Gardner Capital. “We have been continuing to expand our investment commitment for the greater Houston region.”
Seldin Management will serve as property manager for Jubilee at Texas Parkway.