• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Groundbreak Carolinas

MENUMENU
  • News
  • Careers
  • Resources
    • 2020 ABC of the Carolinas EIC Awards
    • AEC Industry Blogs
    • AEC School Directory
    • Asbestos Resources
    • Content Marketing
    • Coronavirus Resources
    • Diversity and Inclusion
    • Economic Forecasts
    • GroundBreak Carolinas Newsletter Archive
    • Health and Wellness
    • New Silica Standard Resources
    • Workforce Development Resources
  • Subscribe

GroundBreak Carolinas

Your source for construction industry news in the Carolinas

MENUMENU
  • Featured
  • Business
    • Accounting
    • Government Affairs
    • Management
    • Human Resources
    • Finance, Bonding, & Insurance
    • Leadership
    • Marketing & BD
    • Operations Management
    • Legal
    • Risk Management
    • Technology
  • Markets
    • Commercial
    • Distribution / Warehouse
    • Government Facilities
    • Health Care
    • Hotels / Hospitality
    • Industrial/Manufacturing
    • Mission Critical / Data Centers
    • Residential/Multi-Family Residential
    • Office Buildings
    • Power / Energy
    • Retail / Shopping Centers
    • Roads, Bridges and Highways
    • Schools (K-12 and Higher Education)
    • Strategy
  • Workforce
    • Apprenticeships
    • Education
      • Colleges
      • High Schools
      • Technical Schools
    • Recruiting
    • Safety
    • Training
    • Veterans Programs
  • Operations
    • Architecture
    • Contracting
    • Energy
    • Engineering
    • Equipment
    • Facilities
    • Products
  • Projects
  • People
  • Economic Development
  • Partners
  • News
  • Events
  • Careers
  • Resources
    • AEC Industry Blogs
    • AEC School Directory
    • Asbestos Resources
    • Content Marketing
    • Coronavirus Resources
    • Economic Forecasts
    • GroundBreak Carolinas Newsletter Archive
    • New Silica Standard Resources
    • Workforce Development Resources
  • Let’s Talk Construction

Residential/Multi-Family Residential

Olive Tree Affordable Housing Enters Into North Carolina Market with Acquisition of Multifamily Community in Wilmington

by American South Real Estate Fund on January 26, 2023

 Olive Tree Affordable Housing, the affordable housing affiliate of Olive Tree Holdings, a mission driven private investment company with a focus on real estate, today announced the acquisition of The Life at Lakeside Villas, a 429-unit, affordable multifamily community located at 1519 Lake Branch Drive in Wilmington, North Carolina. With equity provided by the American South Fund Management Team, Olive Tree has announced a capital improvement program that is slated to begin in Q2 2023 to enhance the quality of life for residents.

Photo Courtesy of Olive Tree Holdings
Photo Courtesy of Olive Tree Holdings

“We are thrilled to be expanding our operations into North Carolina and to be joining the Wilmington community,” said Ian Bel, Managing Principal and Chief Executive Officer of Olive Tree Holdings. “Since inception, Olive Tree has dedicated itself to the provision and preservation of quality affordable housing options across the country. We’re looking forward to applying that mission to the lives of residents at The Life at Lakeside Villas.”

The Life at Lakeside Villas offers a mix of 35 one-bedroom, 359 two-bedroom, and 35 three-bedroom residences and are available to residents earning 60 percent of the area median income (AMI) or less. The complex is made up of residential townhouse units each surrounded by open landscaping.

The Life at Lakeside Villas is Olive Tree’s fifth partnership with American South Fund Management (ASFM), a partnership between SDS Capital Group and Vintage Realty Company.

“Our ASFM team is excited to now have our fifth partnership with Olive Tree, given their deep commitment to preserving affordable housing throughout the South,” said Deborah La Franchi, ASFM Managing Partner.

Impact funds managed by ASFM target their investments into diverse low-income communities across 10-states in the South.

“We are proud that with this new investment with Olive Tree, ASFM has now funded over 2,600 units of affordable housing throughout the South,” said David Alexander, ASFM Managing Partner.

Since Olive Tree Holdings’ inception in 2017, the firm has acquired and transformed over 16,000 units of workforce and affordable housing communities across 9 states.

Topics: Residential/Multi-Family Residential
Multifamily

Primary Sidebar

What We’re Reading

  • Williams Development, True Homes launch 231-home project in Winston-Salem
    Source: Business North Carolina Published on May 27, 2025
  • Turkish company to make $82 million investment in Goldsboro, create 216 jobs
    Source: Business North Carolina Published on May 27, 2025
  • Charlotte lawyers gain key posts at K&L Gates law firm
    Source: Business North Carolina Published on May 27, 2025
  • Meals on Wheels celebrates $11M raised with topping-off ceremony
    Source: Greenville Journal Published on May 25, 2025
  • Status update: 7 Upstate commercial real estate projects
    Source: Upstate Business Journal Published on May 22, 2025

Recent Posts

  • Design-Build for Manufacturers: Collaboration is King
  • Senior Executives and Young Leaders Give Firsthand Advice to New Graduates Entering AEC Industry
  • Tariffs and the Transformation of Construction Financing and Delivery
  • Optimism and Opportunity: SCEDA’s 2025 Conference Highlights South Carolina’s Economic Momentum Amid Uncertainty
  • Western NC Construction Career Day Draws 600 High Schoolers: Inspiration for a Resilient Region
  • Search
  • News
  • Careers
  • Resources
    • 2020 ABC of the Carolinas EIC Awards
    • AEC Industry Blogs
    • AEC School Directory
    • Asbestos Resources
    • Content Marketing
    • Coronavirus Resources
    • Diversity and Inclusion
    • Economic Forecasts
    • GroundBreak Carolinas Newsletter Archive
    • Health and Wellness
    • New Silica Standard Resources
    • Workforce Development Resources
  • Subscribe

Footer

  • About GBC
  • Contact Us
  • Submit Editorial
  • Submit Event
  • Partnerships/Contributors

Sponsorship Opportunities

Join Our Mailing List

"*" indicates required fields

Name*
By clicking Submit you agree to our Privacy Policy and Terms of Use.
This field is for validation purposes and should be left unchanged.

Copyright © 2025 GroundBreak Carolinas LLC.

  • Privacy Policy
  • Terms of Use