Livingston Street Capital has acquired a 180-unit age-restricted multifamily community in Lewisville, Texas, from Wood Residential Services. The community was rebranded into Haven at Lewisville Lake.
Barclays has originated $20.5 million in acquisition financing. The CMBS is a 10-year 3.16 percent interest-only loan with Wells Fargo Bank acting as trustee, according to Yardi Matrix data.
The 2002-built property underwent significant renovations in 2018. Located at 901 N. Garden Ridge Blvd., the active adult and independent living community comprises six buildings with 180 units available to residents aged 55 and over. Haven at Lewisville Lake offers one- and two-bedroom units with floorplans ranging between 697 and 990 square feet.