DALLAS, OR – The Phase Two expansion of the Lodge Residences is underway at Dallas Retirement Village, a senior living community that has served the Dallas area for more than seven decades. This 60,000-square-foot expansion will complete the circle around the existing picturesque courtyard, adding 29 new independent living apartment homes, an indoor pool, spa, fitness facilities and more.
“Phase 1 was completed four years ago. Since then, we’ve continued to build a waiting list,” said Dave Parrett, Executive Director. “Having more apartments will make us more accessible to local seniors who want to go here.”
In fact, more than 80% of the new apartments were under contract before marketing efforts were temporarily halted in March due to COVID-19. The community recently resumed the pre-selection process. “At this point, we are about a year from go-in,” said Parrett. “We’re confident that we’ll have most, if not all, apartments reserved before then.”
Designed to be a continuation of Phase 1, the expansion features a craftsman exterior with a Pacific Northwest elegance, says the project architect, Chuck Archer of LRS Architects. In addition, the interior design offers a familiar and comfortable aesthetic that feels like home, clarified Lisa Warnock, Director of Housing Interiors with LRS Architects.
As a distinct design element of the expansion, the new indoor/outdoor roof top patio will feature large sliding glass doors that can be opened or closed depending on the weather—offering a temperature-controlled space that can be used year-round, said Parrett. The patio will have its own kitchen, making the space ideal for community events and parties. Plus, residents can utilize the space to host private family get-togethers.
Overall, Phase 2 offers a welcome addition of community space. “Currently, our Commons space is booked solid throughout the day,” clarified Parrett. “This new space will really allow us to expand our programming.”
Residents are particularly excited about the new fitness facilities, including a space for group exercise as well as a new weight room for individual exercise. Plus, the expanded spa will include hair stations, pedicure and manicure stations, and private massage treatment rooms.
Currently, work continues, said project manager Albert Castaneda with Deacon Construction. “Soon there will be a lot of workers from various subcontractor trades all working at the same time. This site has minimal areas for staging which makes it more exciting to see what is happening for residents.” A construction photo gallery and live video feed is available on the community’s website.

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AUSTIN, TX – Bluestone Properties is a vertically integrated private real-estate company that owns and manages stabilized high-quality multifamily assets in high growth secondary markets. The firm’s newest acquisition is the 2016, built 372-unit property named Ethos Apartments located in Austin.
The Ethos is located a small distance from downtown Austin, with simple access on I-35 Frontage. The property location in South Austin makes it very attractive for those commuting to any location in the city. Residents will delight in convenient access to numerous shopping and dining options in areas such as Southpark Meadows as well as a wide variety of green spaces nearby for walking, jogging, or hiking.
The Ethos apartments is a modern garden style community that offers interior amenities such as granite countertops, natural dark wood cabinetry, and wood flooring. The community amenities compliment the neighborhood with a private five-acre park, three outdoor pet parks, and walking trails. Unique features of the Ethos are the private fenced in backyard homes and the expansive hilltop views.
Senior Vice President for Bluestone Properties, Monica Escobedo, clarifies, “We are very excited to grow our portfolio in Texas, The Ethos is a fantastic add to the Bluestone family as it is has unique positioning in the market with simple access to the best city amenities Austin has to offer, yet it is set in a natural setting in the hilltops, our residents get the best of both worlds they can delight in downtown fun and have a serene place to call home.”

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SUMTER, SC – Charlotte based Three Oaks Management LLC and partners Cornerstone Investment Partners, LLC and LRI USA LLC are announced their acquisition of Waterforde Place in Sumter, SC. The property is located right in the heart of Sumter, SC.
The garden style property is located on Jessamine Trail, with simple access to Broad Street and just minutes away from Shaw Air Force Base. The new owners intend to complete a deferred maintenance correction program, along with light unit interior upgrades on select units as units turn. In addition, they will place in place an individual garage rental program, which will generate additional income.
The property benefits from an outstanding location. Sumter has a diverse economy, with manufacturing, retail trade, educational services, health care and social help, and accommodation and food services comprising the largest sectors of the workforce.
The three companies are bullish about the Sumter market, as it is strong tertiary market in South Carolina. The Southeast markets are experiencing a high growth period which should carry on for the foreseeable future with strong employment growth and increase in population.
“This is a fantastic acquisition for our investors. Our focus is on buying at the right price, adding value, and at the same time offering fantastic service to our tenants,” says Charles Seaman.

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