ARCTRUST Private Capital and Edison Equity Residential Close Construction Loan for 175-Unit 55-Plus Community in Dripping Springs Texas
DRIPPING SPRINGS, TEXAS, SEPTEMBER 11, 2026 — ARCTRUST Private Capital and Edison Equity Residential announced the closing of a construction loan for Serenova at Dripping Springs, a 175-residence, 55-plus age-restricted community in Dripping Springs, Texas. The project is located 25 miles west of Austin. North River Partners provided the loan.
This marks the second collaboration between ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Companies, and Edison Equity Residential. The companies previously partnered on The Serenova at Woodforest, which broke ground in November 2025 and is progressing through construction ahead of schedule, according to the announcement.
The Dripping Springs community will be located adjacent to the Headwaters master-planned community. The development will include 133 one-bedroom and two-bedroom apartment homes and 42 private villas.
The project will feature Edison Equity Residential's Concierge Community concept, which the company describes as a personalized, service-rich approach to active-adult living. Concierge services will include personal assistance with reservations, travel, in-home needs, and social planning.
Carolyn White, CEO of Edison Equity Residential, said, "Closing Dripping Springs is an important milestone for Serenova and a meaningful step in growing our Concierge Community concept. 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."
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, and direct access to the Headwaters trail system.
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.
Edison Equity Residential operates as a fully-integrated residential development and operating platform focused on age-restricted living communities.