Business View Magazine | October 2020

324 BUSINESS VIEW MAGAZINE OCTOBER 2020 PREFERRED VENDORS n Highridge Costa www.housingpartners.com For more than 26 years, Highridge Costa has excelled as an innovator in the complex field of affordable housing, successfully meeting the challenge to develop quality new housing for underserved families and seniors faced with the need for housing that is affordable. The company has been a leader in affordable housing having developed over 30,000 units, and more than 290 communities in 33 states and Puerto Rico all of which have been designed to integrate seamlessly into existing neighborhoods whether rural, suburban or city settings. All have been financed using the most successful affordable housing finance program, utilizing Federal Low-Income Housing Tax Credits (LIHTC). In 2019, Highridge Costa held a ribbon-cutting ceremony for El Sereno Senior Living, a newly developed $21 million apartment community in Cibolo, Texas. A true public/private partnership – one of the first of its kind in south-central Texas – providing much needed affordable housing for seniors. The Cibolo City Council endorsed and supported El Sereno from the beginning planning stages to its grand opening. “Few industries have a greater impact on low-income Americans than does ours”, says Highridge Costa President and CEO Michael Costa. “We take tremendous pride in creating quality new affordable multifamily and senior housing for people who are of lesser means or even homeless. We feel very fortunate that our “work” changes lives for so many seniors and families throughout the nation.” n Valcor https://valcorcre.com/portfolio-posts/cibolo-crossing Midland-based Cromwell Street LLC and Grey Forest Development LLC, subsidiaries of Fasken Oil and Ranch, have chosen Cibolo as the location for its 116-acre, $285 million mixed use development. “We are creating an atmosphere where people can live, work and play.” The development will include 305 state of the art apartment homes, Santikos Entertainment Center, retail space and restaurants. As a long-term owner, Fasken makes sure the investment maintains its value for the long term. “Our focus is on a high level of quality.” We study each site to ensure the product complements the tract of land and the surrounding neighborhoods. “We’re not just taking some prototype and putting it down. We are designing a product that is compatible with the community.” About Fasken: Fasken is a family owned business with a 107-year history in energy exploration and production. Fasken is one of the largest independent oil-and-gas producers in Texas, as well as being one of the largest landowners in the US. Since the company diversified into real estate in 2003, Fasken has developed over 1.5 million SF of industrial buildings, 250,000 SF of office space, 46,000 SF of retail space, and over 2,000 apartment units completed or under development. n RVK Architects www.rvk-architects.com