Live Breaking News & Updates on Lakeland Hills Senior

DALLAS, TX - Elevation Financial Group, a senior and multifamily affordable housing provider, announces the acquisition by Elevation Real Property Fund VII of Lakeland Hills Senior Living. Ideally situated in the lake and garden district of east Dallas, Texas, the senior property was purchased for $8.45 million. The property represents Elevation s first acquisition in the state of Texas.
Initial operation of the 170-unit senior property began in 1987, with an additional phase completed in 1996. The community previously operated as an independent and assisted living facility. Elevation will bring the property back to life and transition it to an affordable 55+ senior apartment community. The repositioning will allow Elevation to meet the needs of Dallas seniors by providing quality but elegant housing at an affordable price point. The property will be rebranded as Serenity at Dallas. ....

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