Life at Sterling Woods - Houston TX
Olive Tree Holdings and American South Real Estate Fund II Announce Third Investment
Life at Sterling Woods – Houston, TX
8/2021
Press Release
ASREF II ANNOUNCES FIRST INVESTMENT IN HOUSTON
Olive Tree Holdings and American South Real Estate Fund II Announce Third Investment Partnership Supporting Affordable Housing
Villas on Winkler Redevelopment to Preserve 234 Senior/ Affordable Multifamily Housing Units in Houston, TX – $4.8 Million American South Real Estate Fund II Investment by Impact Fund Managed by SDS Capital Group and Vintage Realty Company
Houston, TX – August 4, 2021 – Funding has been secured to acquire and begin the improvement of The Life at Sterling Woods (formerly known as Villas on Winkler) complex into a 234-unit senior/ affordable multifamily apartment community in Houston, Texas. The project is being rehabilitated by Olive Tree Holdings and will be managed by their affiliate property management and construction management company, The Life Properties, which oversees the day-to-day operation and business plan execution exclusively for Olive Tree Holdings’ multifamily portfolio. The Life at Sterling Woods is Olive Tree Holdings’ 34th multifamily acquisition and the 13th in the Houston market.
“Olive Tree Holdings’ mission has centered on finding and improving existing assets that can provide quality housing to workforce households and families across the country. With The Life at Sterling Woods, we now manage over 7,000 units of affordable housing nationally, meeting a critical need in these economically challenged communities. The financial partnership between Olive Tree Holdings and the American South Real Estate Fund (ASREF), enables us to quickly acquire and initiate project construction. This expedites our pursuit of developments that are making a difference in the lives of the seniors and families in need,” said Ian Bel, Managing Member, Olive Tree Holdings.
