At a glance
- The loan amount was not disclosed.
- First residents are expected in fall 2028.
- Allocators committing at groundbreaking face roughly two years of construction before first residents arrive in fall 2028.
ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55-plus community in the Austin area. Construction debt from North River Partners closed in August. The loan amount was not disclosed.
First residents are expected in fall 2028. Amenities include a chef-curated restaurant and social bar, fitness centers, a pool and a club room.
Allocators committing at groundbreaking face roughly two years of construction before first residents arrive in fall 2028.
Reported by the Deals desk from Connect CRE and Private Wealth Daily archive. Published . Corrections