Livingston Street Capital is continuing its expansion in the active adult space with another community acquisition that brings its unit tally close to 1,000. The deal also marks Livingston’s entry in the Dallas-Fort Worth market. Newmark handled the transaction.
Originally built in 2002 with a significant renovation in 2018, the community has 180 total units. It is located in Lewisville, which is between Dallas and Fort Worth in Denton County. The community features a resort-style pool, heated spa, poolside lounge, resident clubhouse, game room and a fitness center. Occupancy was 93%.
This transaction follows three deals in 2020, when Livingston picked up three independent living and active adult properties in Maryland, Illinois and Oregon. In each of those transactions, the target was well occupied and recently renovated, as it was in the Dallas deal.
