Situated near a beautiful lake, this property has spacious units
and many appealing amenities
Lake Vista was acquired in the same transaction that brought
Hunter's Grove to the portfolio in 1995, utilizing tax-exempt bonds issued by the state of Georgia.
It remains the largest property in the PRI portfolio, at 224 units. We also share ownership of
Lake Vista with our Washington D.C. partner, the NHP Foundation, PRI being the minority partner in
a partnership that also includes the City of Warner Robins. Lake Vista, as the name implies, does
indeed sit next to an attractive lake. Warner Robins is just south of Macon, Georgia, and home to
one of the largest air force bases in the country.
Lake Vista Apartments
206 North Lake Drive
Warner Robins, Georgia 31088
478-328-3569
|
Property-at-a-Glance |
| Completion Date: |
1995 |
| Number of Units: |
224 |
| Developer: |
Progressive Redevelopment, Inc. and Cornerstone Housing Corporation |
| Architect: |
N/A |
| General Contractor: |
N/A |
| Property Management: |
CJ Management Company |
| Funding Sources: |
- Tax Exempt Bonds
- Owners' Equity
|
| Development Type: |
Acquisition without Significant Rehabilitation |
| Property Type: |
Apartments |
| Development Profile: |
72 1-bedroom units
96 2-bedroom units
56 3-bedroom units |
| Residential Profile: |
56 units restricted to 50% of Area Median Income
56 units restricted to 80% of Area Median Income
112 units at market rates |
| Amenities: |
- Two Swimming Pools
- Jacuzzi
- Tennis Court
- Fitness Center
- Lakeside Location
- Playground, Volleyball Court
|
| Supportive Services provided On-site: |
Services at this community include crisis intervention and support for
community and civic involvement |
| Total Development Costs: |
$3,885,000 |