Civitas Senior Living Celebrates Grand Opening of New Community in Wimberley, Texas

WIMBERLEY, TX – Civitas Senior Living celebrated the grand opening of its newest senior living community, Alexis Pointe Senior Living, with a Wild West themed party on January 9. Located in Wimberley, Texas, Alexis Pointe is the latest addition to Civitas’ growing number of innovative senior living residences, bringing the total number of owned and operated communities to 40, with 15 more in development.
“We couldn’t be prouder to bring our signature, passion-filled living experience to the heart of the Texas Hill Country,” said Wayne Powell, Founder and CEO of Civitas Senior Living. “It is truly a privilege to serve seniors in an incredible place like Wimberley.”
Over 350 guests loved a fun-filled Western atmosphere full of live entertainment, guided tours of the community, and cuisine fit for a cowboy, albeit one with a refined palate. The Alexis Pointe dining staff served up tasty dishes such as brisket sliders, bacon-wrapped chorizo, and beef tenderloin while guests loved live entertainment from a local artist. Overall, the Alexis Pointe grand opening event was a success.
Alexis Pointe’s approximately 55,000 square foot community offers 49 helped living apartments, 24 memory care suites, and 10 independent living cottages, as well as resort-style amenities.
Conveniently located near historic Wimberley Town Square and mere minutes from Cypress Creek Nature Preserve and Blue Hole Regional Park, Alexis Pointe offers spacious, perfectly appointed residences including one- and two-bedroom independent living villas and helped living apartments. Alexis Pointe’s memory care community – known as The Cottage – offers both private and companion accommodations. Select apartments and villas feature kitchens with stainless steel appliances, private bathrooms, walk-in closets, and gorgeous Hill Country inspired designer touches that reflect the community’s inspiring views. Alexis Pointe’s mossy green and soft, sky blue palette and its rustic elegance takes their cues from Wimberley’s rugged, natural beauty as well as the town’s renowned arts and crafts community. “Wimberley is fun, funky, artsy, and distinctly Texas Hill Country,” said Senior By Design’s Reid Bonner. “We wanted to reflect that artistry and spirit found in its town’s citizens through Alexis Pointe’s decor.”
The luxury doesn’t stop there. Alexis Pointe provides its residents a carefree lifestyle with many amenities and services provided on site including a full-service salon and creative arts studio. Formal, private, and casual dining options abound at Alexis Pointe, providing deliciously nutritious chef-prepared meals served daily.
Residents and their loved ones will also benefit from Civitas Senior Living’s signature Passion Program. “We believe that life is best when days are filled with passion and lived with purpose,” said Powell. Civitas’ revolutionary program provides each community member a rich, full life brimming with social engagements, fun activities, and personalized experiences propelled by attentive caregivers, overall wellness, and tasty food.

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LMC Scheduled to Open 290-Unit Mixed-Use High-Rise Development in Vibrant Buckhead Village Neighborhood of Atlanta

ATLANTA, GA – LMC, a wholly-owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the start of preleasing at Gentry, a luxury mixed-use apartment community in the vibrant Buckhead Village neighborhood of Atlanta.
The 21-tale high-rise, which features 290 apartment homes, approximately 6,000 square feet of ground-floor retail and an outdoor movie theater as part of a deluxe array of amenities, is located at 3172 Roswell Road on the site of former well loved Tex-Mex restaurant Rio Bravo. The community was developed in conjunction with Hoar Construction, which also teamed with LMC on recent Atlanta apartment community Vireo. First go-ins at Gentry are anticipated for spring 2020.
“Buckhead offers a small bit of everything, and we’re ecstatic to join the neighborhood,” said Steve Gorning, vice president of development of the Southeast for LMC. “Whether residents want to live a vehicle-free lifestyle and delight in the immediate area or commute to the various attractions and employment sectors across the city, the location is ideal. We look forward to offering one of the finest living experiences in the area.”
The development of Gentry also consisted of cosmetic upgrades surrounding the property, including the addition of 20-foot-wide tree-lined sidewalks. Based in Buckhead’s Tuxedo Park neighborhood, the site offers a superb Walk Score of 92 and features prime access to attractions such as The Buckhead Theater, The Shops at Buckhead, Whole Foods, Trader Joe’s and Atlanta History Center. Phipps Plaza and Lenox Mall, which boast various local and national retailers, are each within two miles of the community.
The community site also provides connectivity to several public transit options and the key thoroughfares of the city. The Buckhead MARTA station is 1.2 miles from the community and serves as the gateway to the metropolitan area. Georgia State Route 400 is located one mile from the community and Interstates 85 and 75 are within a small drive.
Gentry offers studio, one-, two- and three-bedroom apartment homes and a select number of penthouse-level homes with hardwood floors. Apartment interiors feature wood-plank style flooring, custom cabinetry, high-end finishes and private balconies. Select homes are delivered with kitchen islands and wine fridges.
Community amenities include an eighth-floor terrace with grills and the outdoor movie theater. A 21st-floor amenity level includes a private dining room and catering kitchen, lounge, pool table, swimming pool, indoor/outdoor bar, grills, cabanas and a club-quality fitness center with indoor/outdoor yoga areas. Residents will also have access to bike storage, electric-vehicle charging stations and work-from-home spaces.
Gentry will mark LMC’s second Atlanta-based community to open within the past year. Vireo, located about four miles south in Midtown, started leasing in 2019.

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Greystar Real Estate Partners Acquires Two Properties in The Inner Melbourne Market for Rental Housing Conversion

MELBOURNE, AU – Greystar Real Estate Partners, a global leader in the investment, development and management of high-quality rental housing properties, announced the acquisition of two existing office buildings for re-development in the Inner Melbourne market of South Yarra, on behalf of its real estate funds. An affiliate of Greystar bought the properties, reflecting the firm s strategy to buy, develop and manage develop-to-core projects aimed at institutionalising rental housing supply in the Melbourne and Sydney markets.
The Australian rental housing market is notable for its lack of purpose-built, professionally managed product – renter demand in the country has primarily been met by private owners of build-to-sell units, who do not have the expertise to properly manage properties and promote positive renter experiences, said Adam Pillay, Senior Managing Director at Greystar.
The market also continues to see declining rates of homeownership as affordability remains a fundamental concern. At the same time, a wave of younger Australians are making the active choice to rent in locations offering the attractive lifestyle, entertainment and convenience that they desire, and prioritise these factors over homeownership. In addition, a sustained pull-back in offshore buyer demand and financing challenges for both buyers and developers has led to decreasing competition for development opportunities among build-to-sell developers. When combined, these dynamics make a set of factors for the emergence of a highly scalable opportunity to establish a new institutional class of rental product in the country.
Greystar bought two adjoining properties on Yarra and Claremont Streets in the suburb of South Yarra. The firm is expected to re-develop the properties into an integrated mixed-use project comprising attractive ground floor retail, approximately 5,000sqm of high-quality office space and over 500 rental units across two towers. The properties represent two of the last remaining re-development sites of scale in the sought-after Forrest Hill Precinct of South Yarra. Located in close proximity to both the South Yarra Train Station and the Toorak Road tram, residents will delight in quick and convenient access to the CBD and other nearby Inner Melbourne locations. The local area has an abundance of retail, food and entertainment offerings, especially along Toorak Road and Chapel Street, that all add to the highly desirable characteristics of this location for modern urban living.
Australian renters deserve the same higher standard of service-orientated and amenitised housing that is available in the major urban centres around the world, in contrast to what has traditionally been an inferior rental experience here in Australia. The proposed project is an vital step in advancing our strategic objective of bringing high-quality housing options to a broader spectrum of the rental population, providing them with greater choice, diversity and higher standards, said Chris Key, Managing Director for Greystar in Australia.
One of the most vital issues for renters in the current market is their security of tenure. Most private rental housing owned by mum and dad investors make a scenario where renters cannot rely on their ability to renew leases on an ongoing basis. Institutional rental housing can help to solve this issue and provide the housing security that people need. We are committed to the opportunity to establish a new institutional asset class in this country, by making purpose-built, professionally managed rental housing and providing better housing outcomes overall. With time, the asset class will attract both domestic and international institutional investment given the stable, robust and predictable nature of the cash flow and enable the growth of the sector to fill an vital part of our housing continuum that is currently missing in Australia.
We look forward to working collaboratively with the various levels of Government to ensure we can deliver practical housing solutions, particularly in supply and affordability constrained markets like Melbourne and Sydney. Institutional multifamily housing has the ability to significantly accelerate housing supply and fill the shortage in housing that is rapidly emerging in our major cities.
Australia has experienced sustained economic growth fuelled by an increasing population that is driving household formations and rental demand. Changing demographics have led to rising urbanisation and housing affordability remains a significant issue in markets like Melbourne and Sydney. Rental demand is also being driven by greater job mobility and younger generations prioritising lifestyle experiences in urban centres. Greystar intends to capitalise on these factors, presenting an opportunity to establish itself as the country s premier rental housing provider.

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