AZLE, TX – Fort Worth-based Civitas Senior Living announced plans to develop a new senior living housing community in Azle. Legacy Oaks at Azle will provide 123 independent living and 77 helped living and memory care apartment homes to seniors ages 55 years and older.

“Legacy Oaks at Azle is an exciting addition to our company’s existing developments,” said Civitas President Wayne Powell, whose passion for the senior living industry has fueled the company’s quick expansion throughout Texas. “It’s an opportunity to offer more local families the comprehensive services, care and quality of life their loved ones deserve.”

In addition to the benefits offered by the company’s signature Passion Program, Legacy Oaks at Azle residents will experience a secure, private community designed to meet their needs. Powell said the modern, resort-style amenities were designed to inspire comfort, healthy living and social activities for all lifestyles.

Community highlights include: Gorgeous, landscaped courtyards, community pool for relaxation and exercise, flexible outdoor entertainment spaces for social gatherings and events, multi-function on-campus amphitheater with comfortable, luxury seating, movie theater with luxury seating, on-site dog park and dog wash for pet owners, spacious clubhouse and game and activity room, and contemporary dining facilities like an outdoor patio, private dining room and on-campus bistro.

Legacy Oaks at Azle will be Civitas’ fourth community in Tarrant County and its 25th nationwide. It will be located at the northwest corner of Jacksboro Highway and Avondale Avenue and is expected to be completed by winter 2018.  

Civitas Senior Living is a Fort Worth, Texas-based management company that specializes in development, acquisitions, operational management, and consulting for senior housing properties, including helped living, retirement centers, and independent senior living properties.

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ATLANTA, GA – Emma Capital Investments announced the completion of the acquisition of 3400 Club Apartments, a 300-unit garden style multi-family apartment community located at 3400 Club Lake Parkway, Lawrenceville, (submarket of Atlanta), Georgia at a buy price of $25,700,000 Million.

This is Emma Capital’s 19th buy in the United States and brings Emma Capital’s total acquisitions to date to over $300,000,000 and over 4,500 apartment units.

The property is well-located on the border of Lawrenceville and Duluth in North Gwinnett County, less than two miles from the Pleasant Hill Road and I-85 interchange, providing brilliant access to I-85 and Highway 316, connecting motorists to Midtown/Downtown Atlanta and to the University of Georgia in Athens, respectively. The area benefits from continually improving demographics in one of the fastest growing counties in the nation with outstanding access to employment area, retail, cultural hubs, variety of amenities and brilliant schools.

3400 Club was built in 1984, and is a mix of 300 residential units in 25 two-tale buildings. 3400 Club Drive offers 6 different floor plans made up of 75 One-bedroom units, 166 Two-bedroom units, and 59 Three-bedroom units averaging 1140 square feet per unit.  These units are some of the largest in the Submarket with spacious condo-style layouts.  The community features a swimming pool area and a tennis court.   3400 Club Drive has benefited from ongoing exterior capital improvements totaling approximately $1.5 million.  Emma Capital plans to renovate the interiors of  a majority of the units, as it has done in its other Metro Atlanta properties as well as to expand tenant amenities with features such as unique outdoor fitness equipment and enhancement of the clubhouse.

“We are pleased to add 3400 club Apartments to our growing portfolio in the Greater Atlanta Area,” stated founding Partner and Co-Owner Haya Zilberboim. “We currently own more than 2,500 units in Atlanta with a majority located in Gwinnett County. The addition of this property further strengthens our footprint in this rapidly growing market and provides us with a very strong base to continue our expansion to other South-East submarkets such as Charlotte, Raleigh, Tampa and Nashville.”

“This investment is our 10th in the Atlanta area in the last 24 months,” added Partner and Co-Owner Oz Cohen. “North Gwinnett is a well-developed market with quick growing population; but it has a high aversion to new multi-family construction. There are currently no apartments or condos either completed or under construction and very small currently in the plotting/proposal stage. This supply restriction will help drive rent rates as population growth increases the demand for multi-family communities.”

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CHARLOTTE, NC – Ginkgo Residential announced the acquisition, through its investment affiliate, of Matthews Lofts located in Matthews, North Carolina. The property is a mixed-use condo development comprised of 81 one and two-bedroom apartments, plus 8,084 square feet of commercial space.

The commercial tenants include The Huge Thought, Rocky Mountain Chocolate Factory, Wayback Burgers and 9Round Kick Boxing. Matthews Lofts has simple access to the entire Charlotte market through I-485 and Independence Boulevard, a major artery connecting Matthews to uptown Charlotte.

“We are excited about adding our first higher-end, mixed-use property to our portfolio. While Matthews Lofts represents a new concept for Ginkgo, its location in downtown Matthews, its proximity to employment, health care, and entertainment opportunities, and the walkability offered by the site are all consistent with Ginkgo’s core principles. Ginkgo will continue to focus primarily on single-purpose workforce housing properties, especially those involving significant rehabilitation potential; but, we believe the addition of Matthews Lofts will add diversity and stability to our portfolio,” states Philip Payne, CEO of Ginkgo Residential.

Ginkgo Residential is an industry leader focused on combining our core business of providing reasonably priced, high quality workforce housing with energy efficient programs that are environmentally sensitive. Ginkgo Residential is a significant operator of apartment communities located primarily in the Southeast region of the United States.

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