Multifamily
Preserve at Gateway
1450 Whaley Dr, Forney, TX 75126
Listing Price: $25,000,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Preserve at Gateway, a 120-unit Class A 55+ active adult community built in 2019 in Forney, Texas. The property offers investors the opportunity to acquire a high-quality asset below replacement cost with strong upside through continued lease-up and operational efficiencies. Currently approximately 75% occupied, new ownership can drive NOI growth through occupancy gains and disciplined expense management. Designed specifically for active adults, the community features a robust amenity package including a salon and spa, movie theater, putting green, bocce ball court, and activity spaces that foster strong resident engagement and retention. Located within one of North Texas’ fastest-growing communities and offering direct connectivity to Downtown Dallas via US Highway 80 and Interstate 20, Preserve at Gateway represents a compelling investment opportunity supported by exceptional population growth and long-term demand fundamentals.
Listing Price: $25,000,000
Investment Highlights
- 2019-built Class A 55+ community available below replacement cost
- Lease-up from ~75% occupancy plus expense optimization creates NOI growth potential
- Located in rapidly growing Forney with direct access to Downtown Dallas
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Preserve at Gateway, a 120-unit Class A 55+ active adult community built in 2019 in Forney, Texas. The property offers investors the opportunity to acquire a high-quality asset below replacement cost with strong upside through continued lease-up and operational efficiencies. Currently approximately 75% occupied, new ownership can drive NOI growth through occupancy gains and disciplined expense management. Designed specifically for active adults, the community features a robust amenity package including a salon and spa, movie theater, putting green, bocce ball court, and activity spaces that foster strong resident engagement and retention. Located within one of North Texas’ fastest-growing communities and offering direct connectivity to Downtown Dallas via US Highway 80 and Interstate 20, Preserve at Gateway represents a compelling investment opportunity supported by exceptional population growth and long-term demand fundamentals.
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