SAN ANTONIO, TX – Lincoln Avenue Communities (LAC), a mission-driven acquirer and developer of affordable housing, held a grand opening ceremony this month at Leon Creek Flats, a new 308-unit affordable housing development in San Antonio, Texas. The ceremony brought together local business leaders, community officials and LAC leaders to mark the developer’s first ground-up affordable housing project in Texas.
“LAC is proud to work with our local partners to meet the needs of communities impacted by the affordability crisis,” said Blake Hopkins, LAC Vice President and Regional Project Partner. “Leon Creek Flats provides hundreds of San Antonio families with access to high-quality, affordable homes with amenities and on-site resources that support long-term stability.”
Leon Creek Flats will feature a mix of one-, two- and three- bedroom apartments. The community will lease 261 of its units to residents earning at or below 60% of the area median income (AMI), with the remaining 47 units reserved for those earning below 30% AMI.
Communal amenities include a fitness center, clubhouse, pool, covered grilling area and a dog park. On-site services such as after-school programs will be available free of charge for families.
“LAC is proud to officially open our first ground-up development in Texas,” said Leslie Roering, LAC Vice President, Regional Development. “Leon Creek Flats demonstrates our commitment to expanding affordable housing in markets where the need is greatest, and we look forward to making an impact in this community for many years to come.”

Powered by WPeMatico

SEATTLE, WA – Sagard Real Estate (SRE), a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, announced the acquisition of 18463 Blueberry Lane, a 222-unit garden-style multifamily community in Monroe, Washington, within the greater Seattle metro area.
The investment was made on behalf of Sagard Real Estate s recently launched core-plus open-end fund, which targets seaport/last-mile industrial, workforce rental housing, and other niche property sub-sectors in supply-constrained, high-growth markets.
Located in Monroe, a growing suburb within the Seattle metro, the area benefits from strong demographic trends, relative affordability compared to core Eastside submarkets, and access to major employment hubs including Everett, Bellevue, Redmond, and downtown Seattle. The submarket s population growth, coupled with a constrained supply base with limited new construction, continues to support healthy occupancy levels.
The Monroe acquisition aligns well with our fund strategy, targeting submarkets supported by strong workforce rental demand and favorable market fundamentals, said John Maurer, Head of Equity at Sagard Real Estate and Senior Portfolio Manager. We believe this asset is favorably positioned to benefit from a structural need for a lower cost of housing while drafting off higher rents in the urban corridor, added Tyler Williams, Co-Portfolio Manager at Sagard Real Estate.
Built in 1991, the property spans approximately 10.4 acres and consists of 20 buildings totaling 222 units, along with a standalone clubhouse and amenity space. Amenities include a fitness center, swimming pool, clubhouse, outdoor grilling areas, and landscaped open space. SRE plans to upgrade a part of the units which remain in original condition.
The transaction further expands the fund s diversified residential portfolio and Sagard Real Estate s presence in the Pacific Northwest, underscoring conviction in high-growth suburbs of major coastal markets.

Powered by WPeMatico

HORSESHOE BAY, TX – Falcon Senior Housing and SilverPoint Senior Living broke ground on The Statesman at Horseshoe Bay, a $108 million luxury senior living community located on Falcon Tract within the SilverRock community in Horseshoe Bay, Texas.
The ceremonial groundbreaking marks the official public introduction of The Statesman at Horseshoe Bay — the name under which the project will be marketed, sold, and operated.
The Statesman will offer independent living, helped living, and memory care on one of the most distinctive lakeside locations in the Texas Hill Country. Designed to reflect the natural elegance of the Highland Lakes corridor, the community is positioned as the premier luxury senior living anchor for the Horseshoe Bay, Marble Falls, and greater Hill Country market.
“Today, we break ground not just on a development, but on a community — The Statesman at Horseshoe Bay. We are answering the call Horseshoe Bay has questioned for: to give residents the ability to stay in their hometown and to provide an engaged community that matches the Hill Country elegance and luxury lifestyle they already know here, stated John Hyjer of Falcon Senior Housing.
Located on Falcon Tract within the SilverRock master community, The Statesman provides residents direct access to Horseshoe Bay’s world-class amenities, lakeside lifestyle, and the scenic character of the Highland Lakes corridor.

Powered by WPeMatico