PRESS RELEASE – LAKEWOOD CROSSING – GRANBURY TEXAS

PRESS RELEASE

LAKEWOOD CROSSING

GRANBURY TEXAS

I am pleased to announce the closing on Lakewood Crossing in Granbury, TX.  Lakewood will be a 48 unit family development with a mix of 30%, 50%, 60% and market rate units.   Lakewood was structured with Granbury PFC and Albatross Development serving as the General Partner and JMZ Land Company as an SLP and Raymond James as the ILP.

Bank of Oklahoma provided construction and permanent financing.  Wilhoit Properties, Inc. will manage the asset and Zimmerman Properties Construction is the general contractor and has been already on-site making the public improvements.  I would like to thank everyone in the group that worked on this development!

Robert C Davidson | Chief Financial Officer | Chief Operating Officer

Wilhoit Properties | Zimmerman Properties | Zimmerman Properties Construction

April 2, 2021