Project: Oak Creek Senior Villas
Location: 367 S. Thousand Oaks Boulevard, Thousand Oaks, CA
Project Size: 57 units
Project Type: Multi-family rental, senior affordable
Project Concept: Urban Pacific developed, financed, and built out a 57-unit senior affordable housing site on an infill location in Ventura County. The city of Thousand Oaks had previously selected another developer that was unable to complete the development after nearly 10 years of work. Subsequent to the city’s selection of Urban Pacific and its’ joint venture partner in an RFP process, Urban Pacific rapidly executed the development business plan, and delivered the project a short 18 months later.
Project Status: Completed, stabilized operations, presently owned by Urban Pacific.