National Church Residences Expands in Texas with Eight Acquisitions

COLUMBUS, Ohio ­– National Church Residences adds 685 apartment units to its expanding Texas portfolio with the acquisition of eight affordable senior housing communities in recent months. All of the communities were purchased from the Salvation Army and are located in the Houston metro area, San Antonio, Tyler and Waco. Additionally, National Church Residences received a 9% Low-Income Housing Tax Credit award from the Texas Department of Housing and Community Affairs (TDHCA) for Bell Crest senior apartments in Houston.

“We are pleased to grow our presence in Texas and officially welcome residents from all eight communities to the National Church Residences family,” said Director of Senior Housing Acquisitions, Dan Patrick. “We have a strong regional team who is knowledgeable about the affordable housing market place, operations and available resources that will benefit our seniors so they can remain living independently in their homes.”

The Salvation Army sold these properties in order to put more focus on its service programs in Texas, such as combatting homelessness, responding to emergency crisis events, providing services to seniors, after-school programs and so much more.

“The connection between the Salvation Army and National Church Residences is a natural one, based on similar mission alignment with a commitment to affordable housing, support programs and a robust chaplaincy program to serve all residents, regardless of their beliefs,” stated Major Michael Harris of The Salvation Army Texas Division.

Soon after closing on each property, work began to make immediate repairs and upgrades to preserve each affordable housing community so it can continue serving seniors for many years into the future, as well as improve the living experience for current residents. This includes more than $1 million dollars in renovations at Woodland Pines in San Antonio and North Crest Court in Waco.

“Texas is an area of focus for us to expand upon our mission of building and preserving affordable housing for seniors,” said Director of Development in Texas, Tracey Fine. She had a significant role in the acquisition of Bell Crest and for securing the 9% Low-Income Housing Tax Credit award for this affordable housing community. An estimated $5M in repairs is planned for Bell Crest.

Originally, all of the buildings were named after founding members of the Salvation Army. With the change in ownership, both organizations agreed to rename the buildings and give the communities a fresh start under National Church Residences.

Total of 8 Properties and 685 Units

• Ashby Arbor: 2802 W. Ashby Place, San Antonio. A PRAC built in 2005 with 62 units.
• Bell Crest: 808 Frawley St., Houston. A PRAC built in 1995 with 64 units.
• Cherry Crest Court: 2627 Cherrybrook Ln., Pasadena. A PRAC built in 2003 with 63 units.
• North Crest Court: 4200 North 19^th St., Waco. Built in 1982 with 120 units.
• North Crest Creekside: 2005 Stewart Dr., Waco. A PRAC built in 1981 with 76 units.
• Rose Crest Court: 602 Golden Rd., Tyler. A PRAC built in 2011 with 72 units.
• Rose Crest Village: 601 Golden Rd., Tyler. Built in 1982 with 133 units.
• Woodlawn Pines: 2710 W. Ashby Place, San Antonio. Built in 1980 with 95 units.

National Church Residences also is providing service coordination to residents at Bell Crest, North Crest Court, Rose Crest Village and Woodlawn Pines. A service coordinator evaluates resident needs, explains the available options to them and assists seniors with access to community services so they can receive proper health care, adequate food, clothing and financial guidance.

With these recent acquisitions, National Church Residences has 40 affordable senior housing communities and 2,778 apartments spread across Texas.

About National Church Residences
National Church Residences serves more than 46,000 seniors through its array of housing and health care services. The not-for-profit organization is driven by a vision of advancing better living for all seniors, enabling them to remain home for life. With 369 communities in 24 states, it is the nation’s largest not-for-profit provider of affordable senior housing and the largest manager of service coordinators. The organization also offers residential senior communities, home and community-based services, as well as permanent supportive housing for the formerly homeless and disabled. For more information, visit us at NationalChurchResidences.org and follow us on Facebook, Twitter and YouTube.