CBRE was hired as the exclusive debt and equity advisor on behalf of AOG Living for their first two Class “A” Active Adult development projects: Novum Capitol View, located in South Austin, and Novum Plano, located in North Dallas. These transactions represent the launch of AOG Living’s Active Adult platform within the firm and foray into the space. Aron Will, Vice Chairman of CBRE National Senior Housing, and Tim Root, Vice President of CBRE National Senior Housing, secured two loans totaling more than $50M from a regional bank. CBRE was also tasked with the equity placement for Novum Plano.
 
Since 1985, AOG Living has been one of the leading fully-integrated, multifamily real estate investment, construction, and property management firms in Texas. Justin Hunt, Associate, leader of the platform at AOG Living states, “We are excited to launch the Novum platform, and believe that our properties will drive the conversation for high-quality communities serving our growing Active Adult populations in the Sunbelt.” Gabe Lerner, Managing Director, further elaborates, “We thank all our stakeholders, particularly the team at CBRE, who we engaged early in the process for Novum. Their depth of knowledge and experience within the space allowed us to establish a unique product offering and sound capital strategy amidst challenging market headwinds.”
 
Novum Capitol View
Located at the northeast corner of Capitol View Drive and East Slaughter Lane, the community will abut Goodnight Ranch, a 700-acre master-planned development in Southeast Austin. The community will feature 124 one-bedroom and 44 two-bedroom apartment-style units, catering to residents aged 55 and over. The community will include amenities like a saltwater pool, putting green, dog park, fitness center, wellness room, barbecue grills, among others.
 
Novum Plano
Located at the highly trafficked intersection of Preston Road and Rasor Boulevard in the heart of Plano, the site sits just one mile east of Legacy West and less than one mile south of Stonebriar Mall at The Bridges. The community will feature 101 one-bedroom and 46 two-bedroom apartment-style units. The community will feature pickle ball courts, state-of-the-art fitness center, resort-style swimming pool, park-like courtyard with grills, outdoor fire pit, dog park, among others.

AOG Living
AOG Living is a leading fully integrated, multifamily real estate investment, construction and property management firm headquartered in Houston, Texas with additional offices in Denver, Dallas and San Antonio. Founded in 1985, AOG Living has a proven track record of identifying, evaluating and executing successful multi-family development and acquisition investments on behalf of their investor partners. AOG Living and their investment partners have successfully acquired or developed nearly 20,000 multi-family units with a total aggregate value of approximately $2.4B. AOG Living has nearly 40 years of experience providing management for all types of multi-family properties. Currently, AOG Living manages over 35,000 units throughout the nation.

CBRE was the #1 Fannie Mae Senior Housing Lender in 2019 and 2016. From 2014 through 2023, CBRE originated over $12.0 billion in senior housing debt across 509 assets. CBRE completed over $21.5 billion in combined senior housing investment sales and loan originations from 2014 through 2023.

• #1 Fannie Mae Senior Housing Lender in 2019 and 2016
• #2 Senior Housing Freddie Mac Lender in 2021
• $12.0 Billion in senior housing debt originations in 2014 through 2023 across 509 assets
• #1 Senior Housing Intermediary in 2017
• Top 3 Senior Housing Lender 2010-2021*
• #2 Senior Housing Freddie Mac Lender in 2021
• #1 Agency originator in the nation in 2021: Over $14.0 billion in originations
• #1 Freddie Mac Lender in 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020
• #2 Fannie Mae Lender in 2020 and 2021
• $21.5 Billion in combined senior housing investment sales & debt originations from 2014 through 2023

*Fannie Mae, Freddie Mac, HUD FHA, Mezzanine & Construction Debt Placement