Under Construction

Lakeview Preserve

Irving, TX
84
Units
Vintage:
Under Construction
N/A
Type:
Affordable

Investment Overview

Project Overview

Lakeview Preserve is an 84-unit, new construction project located in Irving, Texas that will provide multi-family affordable housing to households making between 30-80% of the Area Median Income.  The project’s Total Development Cost is approximately $20.8M which is being financed with 9% Low Income Housing Tax Credits.  Wells Fargo is providing both the debt and equity.  The project commenced construction in 3Q2021 and is expected to deliver units in 4Q2022.  

The project consists of three garden style buildings and a free-standing clubhouse proving residents with access to amenities such as a fully equipped fitness center, clubroom, media center, swimming pool and children's playground.  The property will offer well-appointed one-, two- and three-bedroom apartments with spacious kitchens incorporating granite countertops, tile back-splash, Luxury Vinyl Plank flooring throughout, walk-in closets and washer/dryer hook-ups in all homes.

Property Highlights

Amenities:

  • Fully Equipped Fitness Center
  • Clubroom
  • Media Center
  • Swimming Pool
  • Playground
Property Website
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