MULTIFAMILY INVESTMENT OPPORTUNITY
A fantastic value-add opportunity in Forney, TX
- 120 Units
- 2020 Build
- Class -A
- 54% Leased
- Dallas, TX
★ For Accredited Investors ★
Offering Details At A Glance
Sources and Uses
Sources
Senior Debt
$21.150MM 65%
Equity
$11.245MM35%
Total sources
$32.395MM100%
Uses
Acquisition cost
$28.200MM 87%
Property reserves
$494K 2%
Closing Costs
$3.7MM 11%
Total Uses
Sources and Uses
Sources
Senior Debt
$21.150MM 65%
Equity
$11.245MM35%
Total sources
$32.395MM100%
Uses
Acquisition cost
$28.200MM 87%
Property reserves
$494K 2%
Closing Costs
$3.7MM 11%
Total Uses
$32.395MM
100%
Investment Highlights
2020 – December Built Property
Low maintenance costs
Age-restricted 55+ results in less turnover due to residents staying longer term
Immediate value-add opportunity to reduce expenses by 20%+
The Preserve at Gateway offers a mix of luxury apartment units and cottages
Preserve at Gateway is the only age-restricted apartment within an hour's radius
Forney's age 65+ population expected to grow 5.7% per year through 2026
Current occupancy is at 49.2% and projected to hit 90%+ by end of the year
55+ apartments typically achieve 30-40% rental premiums upon stabilization
Sticky tenants with high incomes and a lack of competitive supply
The median household income within a 5-mile radius of the property is over $100k
2.6 acres of additional free land on the apartment's premises, gives us the ability to construct more cottages, apartment units, or major selling points as we look to exit
120
UNITS
2020 – December
YEAR BUILT
95%
Occupancy
Class A Multifamily
PROPERTY CLASS
2.6 acres
Additional Free Land
54%
Leased
★ For Accredited Investors ★
Institutional Asset
The Location
Strategically located between Highway 80 and Interstate 20 population has increased 66% over the last decade.
Perfect location just outside downtown Dallas
Named one of Dallas' best suburbs by D Magazine
15th fastest-growing city in DFW Metroplex
Business-friendly environment
The Location
Strategically located between Highway 80 and Interstate 20 population has increased 66% over the last decade.
Perfect location just outside downtown Dallas
Named one of Dallas' best suburbs by D Magazine
15th fastest-growing city in DFW Metroplex
Business-friendly environment
Major Employers
Questions? We're Here For You!
Take A TOur
Reserve Your Spot To Invest In The Preserve At Gateway
Benefits of Investing With Dreamstone Investments
5% TO 25%
MONITORING
DEALS
DIVERSIFICATION
BENEFITS
RECORD
Schedule A Free Strategy Call
Meet Our Team
Vehano Joseph, CA (SA)
CEO & Co-Founder
Nicholas Contessa
COO & Co-Founder
