Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Houston-Galveston  + Apartments  | 
Olive Tree's Life at Grand Oaks to get $25 million upgrade

Olive Tree Holdings Upgrading Affordable Houston Property

Olive Tree Affordable Housing, an affiliate of Olive Tree Holdings, is planning to spend $25 million on a capital improvement project for The Life At Grand Oaks holding in Houston. The 556-unit affordable multifamily complex is expected to take about a year.

Built in 1982, the Life at Grand Oaks was acquired by Olive Tree Holdings in 2021. Interior upgrades across the 556-unit community include improvements to the kitchen and bathroom areas, HVAC replacements, resurfacing the pool and deck, parking lots and walkways. In addition, Olive Tree has added security features such as cameras and LED lighting.

To date, Olive Tree Affordable Housing. has preserved the affordability of over 4,000 units nationwide, nearly 900 in the Houston area alone, totaling more than $125 million in development costs.


Inside The Story

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

Step 1: Select Education
  • ◦Development
New call-to-action