Endeavor Group Real Estate (EGRE), an adaptive reuse and renewal company specializing in transforming older or distressed assets into newer modern affordable residential communities, has announced their acquisition of a Senior Living complex in Fort Worth, Texas with a total of 140 units available. The facility has been renamed Manor Independent Living.
Located in a submarket known as the “Las Vegas Trail,” Manor Independent Living has undergone a yearlong renovation and change of programing that will make it a more affordable option for senior living.
Some of the key upgraded amenities will include:
- Three meals a day included in rent price – from $1,900 per month all bills paid
- 24/7 Concierge Access to Doctors/Medical
- Lounges, game rooms, amenity spaces all upgraded and added
“We were attracted to this property for many reasons, but first was the lack of affordable senior housing in the Fort Worth area,” said Richard Rubin, Principal EGRE. “Hill Villa offers an opportunity to bring affordability and independent senior living to the market without a reliance on federal or state subsidies. This demonstrates EGRE’s commitment to adaptive reuse and delivering affordable housing solutions in markets with strong demand.”
Endeavor Real Estate Group is an Austin, Texas based full-service commercial real estate firm that enhances value with a creative approach to investment, design, management, and leasing of retail, office, industrial, self-storage, mixed-used and multifamily properties. Endeavor is committed to sustainable, meaningful, and high-quality projects that enhance surrounding communities and exceed stakeholder expectations. Since its inception in 1999, Endeavor has developed and/or acquired more than 21.8 million square feet of realized commercial real estate. With 190 employees, 11,100 multifamily units in planning, under construction, in leasing or sold, 8.9 million square feet of office, industrial and retail space under management and 1.4 million square feet currently under construction, Endeavor is the largest full-service commercial real estate firm in Austin and a premiere, award-winning firm, nationally.
