ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Companies, and Edison Equity Residential announced today the construction loan closing for the development of Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas, located 25 miles west of Austin. The loan was provided by North River Partners.

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Serenova at Dripping Springs

Serenova at Dripping Springs

This is ARCTRUST’s second collaboration with Edison Equity Residential, a fully-integrated residential development and operating platform focused on age-restricted living communities. This project follows The Serenova at Woodforest, which broke ground in November 2025, and is currently progressing through construction ahead of schedule.

Located adjacent to the Headwaters master-planned community, Serenova at Dripping Springs will include 133 upscale one- and two-bedroom apartment homes and 42 private villas. The community is designed to pair serene comfort with vibrant social engagement through Edison’s Concierge Community concept, a personalized, service-rich approach to active-adult living.

“Closing Dripping Springs is an important milestone for Serenova and a meaningful step in growing our Concierge Community concept,” said Carolyn White, CEO, Edison Equity Residential. “With reservations already in hand at Woodforest, we know this lifestyle is connecting with people. We’re excited to build on that momentum and bring Serenova to the Texas Hill Country.”

Serenova at Dripping Springs concierge services will include personal assistance with reservations, travel, in-home needs and social planning. Planned amenities include a chef-curated restaurant and social bar, wellness-focused fitness centers, a resort-style pool, a creative arts studio, a club room, a community lounge and marketplace, as well as direct access to Headwaters’ trail system.

“Returning for a second venture with Edison Equity Residential speaks to the strength of this partnership, and we are deeply grateful to our capital partners and investors for the trust they continue to place in us,” said Chris Wadelin, CEO, ARCTRUST Private Capital.

Construction is expected to begin in the fourth quarter of 2026, with the first residents anticipated in summer 2028. The project team includes Market Square Architects, StudioSIX5 Design and The Brownstone Group.

For more information about Serenova and its concierge lifestyle, visit serenovaconciergecommunities.com.

About ARCTRUST Private Capital

ARCTRUST Private Capital (APC) is the capital markets division of the ARCTRUST Group of Companies (ARCTRUST), a vertically integrated real estate organization with more than 500 projects valued at over $5 billion across four decades. APC offers a diverse platform of real estate investment solutions including REITs, Regulation D offerings, Delaware statutory trusts, preferred equity and debt products, and access to private sidecar and property-specific joint ventures. Guided by a disciplined investment philosophy of buying when it’s cheaper to buy and building when it’s cheaper to build, ARCTRUST focuses on essential assets with strong intrinsic value across diverse property types to create long-term investor value. To learn more, visit www.arctrustprivatecapital.com.

The matters discussed in this release are forward-looking statements based on the developer’s current expectations and predictions about future events. These forward-looking statements are subject to risks, uncertainties and assumptions about Project Edison 55 at Dripping Springs LLC, the project and the property, and must be read in conjunction with the Private Placement Memorandum of Project Edison 55 at Dripping Springs LLC.

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