Livingston Street Capital Enters Suburban Dallas With Senior Housing Acquisition
Barclays provided a $20.5 million CMBS loan for the acquisition of the Lewisville, Texas, property.
Haven at Lewisville Lake. Image courtesy of Livingston Street Capital
Livingston Street Capital has acquired a 180-unit age-restricted multifamily community in Lewisville, Texas, from Wood Residential Services. The community was rebranded into Haven at Lewisville Lake.
Barclays has originated $20.5 million in acquisition financing. The CMBS is a 10-year 3.16 percent interest-only loan with Wells Fargo Bank acting as trustee, according to Yardi Matrix data.
The 2002-built property underwent significant renovations in 2018. Located at 901 N. Garden Ridge Blvd., the active adult and independent living community comprises six buildings with 180 units available to residents aged 55 and over. Haven at Lewisville Lake offers one- and two-bedroom units with floorplans ranging between 697 and 990 square feet.
Community amenities include a 24/7 fitness center, resident clubhouse, resort-style pool, heated spa, onsite salon and massage therapist. Private garages and additional storage are available for select units.
Haven at Lewisville Lake is less than a mile from the West Main Street retail corridor offering several shopping and dining options, and less than 5 miles from Llela Nature Preserve. The property is situated approximately 30 miles from both downtown Dallas and Fort Worth.
