What is The Life at Lakeside Villas?

The Life at Lakeside Villas is a 429-unit affordable multifamily community located in Wilmington, North Carolina. It offers a mix of 35 one-bedroom, 359 two-bedroom, and 35 three-bedroom residences available to residents earning 60 percent of the area median income (AMI) or less. The complex consists of residential townhouse units surrounded by open landscaping and includes amenities such as a playground and community center.

Who are the partners in this joint venture?

This is a joint venture between Olive Tree Holdings (through their affordable housing affiliate Olive Tree Affordable Housing) and American South Fund Management (ASFM), which is a partnership between SDS Capital Group and Vintage Realty Company. This marks the fifth partnership between Olive Tree and ASFM.

What improvements are planned for the property?

A capital improvement program is slated to begin in Q2 2023 to enhance the quality of life for residents. The improvements will include security upgrades, various energy efficiency implementations, amenity improvements across the community, landscaping upgrades, and a variety of administrative and property office improvements.

How many media outlets covered this joint venture?

The announcement of this joint venture was covered by 196 media outlets across the US and around the world, including major outlets such as Associated Press, KTLA 5, Markets Insider, News Channel 3, and Bezinga.

January 31, 2023

ASREF/Olive Tree Holdings announcement of latest joint venture covered by 196 media outlets

Located in Wilmington, North Carolina, The Life in Lakeside Villas, will feature 429-units affordable housing complex set within a bucolic townhome community.

Located in Wilmington, North Carolina, The Life in Lakeside Villas, will feature 429-units affordable housing complex set within a bucolic townhome community. For more information on the project, click here

Covered by 196 Media Outlets Including:

Share the Post:

National New Markets Fund Invests $20 Million in New Markets Tax Credit Financing to Support Upgrade of American Cast Iron Pipe Company Manufacturing Operations in Birmingham, AL

Allocation Helps Finance $285 Million Project to Replace Single Cupola Furnace with Four Electric Induction Furnaces, Cutting Emissions While Boosting Capacity

NCPERS PERSist: Safeguarding Pension Assets Through Affordable Housing

Deborah La Franchi writes about the value of affordable housing as an investment strategy in the National Conference on Public Employee Retirement Systems (NCPERS) Quarterly Education Journal

ASREF/Olive Tree Holdings announcement of latest joint venture covered by 196 media outlets

Related Posts

National New Markets Fund Invests $20 Million in New Markets Tax Credit Financing to Support Upgrade of American Cast Iron Pipe Company Manufacturing Operations in Birmingham, AL

NCPERS PERSist: Safeguarding Pension Assets Through Affordable Housing

Sign Up for Updates