DALLAS, TX – Gardner Capital, a family-owned private equity firm specializing in apartment building and renewable energy development and investment, recently opened a deployment at Patriot Place in Hurst, part of Ft. Worth-Arlington Underground. The Patriot Place offering is now available to rent in a mix of one, two and three bedroom units.
Citibank acted as the tax participation partner as well as the construction lender and standing lender for the project, while Treymore Construction acted as the general contractor for the deployment at Patriot Place. Gardner Capital received a 9 percent tax credit in support of the construction.
"As this space continues to grow and expand, so too does the need for affordable housing," said Michael Gardner, President and CEO of Gardner Capital. "We are excited to offer a brand new and welcome addition to the local market and look forward to supporting the demand for affordable housing across the state of Texas." Gardner Capital's Alternative Investments Platform will provide additional funding for renewable energy and EV charging components for the project.
Located at 501 W. Hurst Blvd. In Tarrant County, Provision at Patriot Place is a garden-style apartment building with a total of 90 units. Amenities include a swimming pool, clubhouse, fitness center, business center, and more. Alpha Barnes will act as property manager.
Source: Gardner Capital