DALLAS, TX - Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed construction on an affordable senior community, Arbor at Cotton Grove, in Lexington, North Carolina. Located on the South side of Fritts Street, the 80-unit garden-style apartment development will also serve local residents with disabilities.
The development was made possible through a combination of multiple financial and other partners, including Stratford Capital, Churchill Stateside Group and the North Carolina Housing Finance Agency.
"We are very excited to announce the completion of Arbor at Cotton Grove, which is the latest of our recent developments in North Carolina and a part of our expanding investment commitment for affordable housing in communities across North Carolina," said Michael Gardner, President and CEO of Gardner Capital.
Excel Property Management will serve as on-site property manager for Arbor at Cotton Grove, located at 7 Fritts St. in Lexington and is currently leasing.
Source: Gardner Capital