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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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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CLEVELAND, OH – The NRP Group, the vertically-integrated, best-in-class developer, builder, and manager of multifamily housing, announced the groundbreaking of 5115 at The Rising, a mixed-use residential community in Cleveland’s Broadway-Slavic Village neighborhood. This project is being developed in collaboration with University Settlement, a premier social services provider that has been serving residents in the Broadway-Slavic Village area for more than 90 years.
5115 at The Rising will bring 78 apartment homes and 10 townhomes to the neighborhood, including 18 one-bedroom, 48 two-bedroom, and 22 three-bedroom units. The development will be financed with the support of a number of key local and regional partners including The Ohio Housing Finance Agency, KeyBank, Ohio Capital Corporation for Housing, The City of Cleveland, Third Federal Foundation, and many others.
“Broadway-Slavic Village is a unique area that has a lot of potential, and we’re pleased to have a hand in contributing to its growth with 5115 at The Rising,” said Aaron Pechota, Senior Vice President of Development at The NRP Group. “We’re grateful to be partnering with University Settlement on this initiative as they have strong roots in the neighborhood and can help us deliver the highest quality affordable living environment to the community, tailored specifically to meet the needs of the area’s residents and preserve its diverse culture.”
5115 at The Rising marks a significant milestone for Broadway-Slavic Village as it is the largest capital investment made in the community in more than 25 years. In addition to the residential units, the mixed-use project will provide a new home for University Settlement, which will relocate its corporate offices to a 20,000 square foot commercial space on the ground level of the building.
“We’re excited to work with The NRP Group on 5115 at The Rising to improve the Broadway-Slavic Village area, while continuing to honor the community’s inclusiveness,” said Earl Pike, Executive Director at University Settlement. “University Settlement has been active in this area dating back to 1926, and our mission has always been to provide the local community with exactly what they need to live and thrive. We are confident that 5115 at The Rising will do just that.”
University Settlement serves more than 12,000 local residents each year ranging from providing case management and critical resources, help for homebound seniors, and providing tens of thousands of pounds of free, fresh produce to those in need.
“The investment in 5115 at The Rising is a testament to this area’s dedication and commitment to improve the Slavic neighborhood and support its economic rebirth,” said Ward 5 Cleveland City Councilwoman Phyllis Cleveland. “As one of Cleveland’s oldest neighborhoods, Broadway-Slavic Village has seen many ups and downs over the years, but this development is a step in the right direction for the community, and we’re looking forward to seeing what the future has in store.”
5115 at The Rising is expected to be completed in early 2022.

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