Legacy Denton Apartments
- Units
- 264
- Closed
- 2022
- Financing
- 4% LIHTC / TEL Bonds
- Bond & debt
- $47,000,000
Featured development 01
Riverside Heights
Senior Living Community • Fort Worth, Texas
Overview
A 264-unit new construction, elevator-serviced independent senior living community at 8000 N Riverside Drive in Fort Worth's scenic Riverside area. Developed as a joint venture between RISE Residential and Legacy Multifamily Development, financed with 4% LIHTC credits and interim TEL construction financing with a Freddie Mac permanent take-out.
Location
8000 N Riverside Drive, Fort Worth, Texas. Fort Worth's scenic Riverside area.
Amenity highlights
- Studio, 1 & 2-bedroom floor plans
- Elevator access throughout
- Resort-style swimming pool
- Elegant clubhouse & community room
- Modern fitness center & yoga room
- Library and professional business center
Deal facts
Riverside Heights at a glance
- Units
- 264
- Community type
- Senior Living Community
- Location
- Fort Worth, Texas
- Closed
- 2020
- Financing
- 4% LIHTC / TEL Bonds
- Bond & debt
- $55,000,000
- Joint venture partner
- RISE Residential
- Affordability
- 100% at 60% AMI
- Construction type
- New construction
- Sponsor
- Legacy Multifamily Development, LLC (Jack Traeger, Owner)
Other developments
Heritage at Cottonwood Creek
- Units
- 233
- Closed
- 2024
- Financing
- PFC / Freddie Mac
- Bond & debt
- $56,700,000
Questions
Riverside Heights questions
How many units does Riverside Heights have?
Riverside Heights is a 264-unit senior living community in Fort Worth, Texas, closed in 2020.
How was Riverside Heights financed?
Riverside Heights was financed with 4% LIHTC / TEL Bonds, totalling $55,000,000 in bond and debt financing. Affordability is set at 100% at 60% AMI.
Who developed Riverside Heights?
Riverside Heights was developed as a joint venture between RISE Residential and Legacy Multifamily Development, LLC, the Texas sponsor owned by Jack Traeger.
Partner with us
Let's build the next community together
Legacy Multifamily Development is always seeking experienced partners, lenders, and co-sponsors for our next affordable and workforce housing community in Texas.