yellow pages news jobs events calendar movie times RSS News Feeds
Rocklin and Roseville Today Local Events
   |   Current Temp: 88.0 F (31.1 C)
 

Roseville company buys San Bernadino Senior Apartment Community


Share It.




SAN BERNARDINO - USA Properties Fund Inc. has acquired Victoria Woods, a 176-unit affordable senior housing community in San Bernardino that will undergo an extensive renovation during the next few months.

USA Properties Fund - which has more than 75 communities in California and Nevada, including four in the Inland Empire - will spend about $4.5 million to renovate Victoria Woods.

The community - soon to be renamed Vintage at Kendall - is located at 1095 Kendall Drive, near a grocery store, drug store, other retail shops, public transportation, two city parks and about a mile southeast from California State University, San Bernardino.

The apartments are available to low-income seniors at least 55 years old who earn 50 percent to 60 percent of the area median income for San Bernardino County.

"We're always looking for opportunities to expand, and Victoria Woods fit exactly what we wanted," said USA Properties Fund President Geoff Brown. "We're going to invest in the community and make it an even better place for residents to call home."

The community features 104 one-bedroom, one-bath apartments and 72 two-bedroom, one-bath units. The one-bedroom apartments are 572 square feet, while the two-bedroom units offer 723 square feet.

The community has 13 two-story apartment buildings and a recreation building, which features a clubhouse with a kitchen, TV room, billiards room, activity center, laundry, restrooms, and a leasing and manager's office. Other on-site amenities include a swimming pool, spa, barbecues, small gardening area, horseshoe pit and mini storage.

Victoria Woods has on-site parking for 304 cars -- 90 garages, 88 carports and 126 open parking spaces.

Victoria Woods, which was completed in 1994, will undergo an extensive renovation, including new energy-efficient HVAC units and water heaters, Energy Star appliances, ceiling fans, entry and interior door hardware, doorbells, garbage disposals, and upgrades to electric fixtures and bathroom plumbing fixtures. Deck repairs, roof maintenance, exterior painting, repairs to the carports and clubhouse, updated security system, new lighting and signage also are part of the renovation. About $25,500 per unit will be spent on renovations.

With the purchase, Victoria Woods becomes a LifeSTEPS community. The Fair Oaks-based nonprofit provides educational and support services to empower residents with the skills, resources and support they may need to maintain stable housing and break the cycle of poverty.

LifeSTEPS services for seniors include confidential case management and mediation, computer, exercise, music, arts and crafts classes. Social events include local field trips, travel presentations, writing groups and even volunteer programs. The nonprofit also offers health-related activities, such as on-site flu shots and information sessions on Medicare and Medicaid.

"We build communities not just complexes," Brown said. "We establish communities where neighbors know each other and residents can get the help and services they need."

ABOUT USA PROPERTIES FUND INC.
USA Properties Fund Inc. (USA), a California corporation, is a privately owned real estate development organization specializing in the creation of outstanding senior and family communities. Founded in 1981 and headquartered in Roseville, USA Properties Fund provides a full range of capabilities for community development, including financing, development, construction services, rehabilitation and property management. Our values, leadership and team structure reflect our success with the development/construction and acquisition/rehabilitation of more than 11,000 units of family and senior apartments in more than 75 communities throughout California and Nevada. For more information, please visit www.usapropfund.com.






more news Print This Article


Placer County News Headlines

Roseville Financial Advisor Sentenced for Ripping Off ClientsMichelle Lee Kern, 36, who worked as a licensed financial advisor at Ameriprise Financial Services Inc. in Roseville has been sentenced to 46 months in prison.

Roseville, Rocklin among California's Best Cities for Home OwnershipIn a recent Nerd Wallet report, Rocklin, Folsom, and Roseville, rank 11th through 13th (respectively) among California's Best Cities for Homeownership.

Hidden Falls Regional Park Receives GrantPlacer County's "gem of the foothills," Hidden Falls Regional Park, is the recipient of a grant that will fund innovative projects protecting long-term ecological values and economic viability

Roseville Developer Begins Senior Community in Elk GroveUSA Properties Fund will hold a groundbreaking ceremony for Arbor Creek Senior Apartments at 10:30 a.m., Aug. 4, at the project site located at Elk Grove-Florin and Calvine roads

Rep. Tom McClintock Announces August Town Hall MeetingsRoseville, CA -- U.S. Rep. Tom McClintock (CA-04) has announced a series of town hall meetings in August.

Lincoln Man Serving Aboard the Navy's USS SomersetPetty Officer 1st Class Brian West, an aviation boatswain's mate from Lincoln, Calif. and 2003 graduate of Lincoln High School, is serving in the U.S. Navy aboard USS Somerset

California Would Create More Jobs Without Prop 30In his recent piece for The Sacramento Bee, "State's job growth defies predictions after tax increases," David Cay Johnston argues that California's recent job creation numbers prove

Sacramento County Opposes Bay Delta Conservation PlanThis week the Sacramento County Board of Supervisors formally submitted comments challenging the findings of the Bay Delta Conservation Plan (BDCP) state environmental

Roseville to Host Senior Softball Western National ChampionshipsRoseville will play host this August to the Senior Softball Western National Championships

Roseville Crime Report Digest Update (7.29.14)Roseville, CA - The Roseville Police Department weekly crime report digest update for July 29, 2014.

Different Standards From Mortgage LendersJulie Jalone of MagnumOne Realty in Roseville, reports on a recent Fannie Mae survey which indicates there may be a growing difference in credit standards between small and large lenders. Which do you think has the tighter credit standards? Check out Julie's article and find out.

PCWA Comments on Bay Delta Conservation PlanDrought Watch: PCWA expresses concern about future water supply reliability for Placer County and claims EIR fails to consider key issues.




more news

Featured Yellow Pages Categories

Auto

Business

Health and Fitness

Home Improvement and Services