CARROLLTON, Texas — An affiliate of Livingston Street Capital, a private equity firm, has acquired Atlas Point at Prestonwood, a 183-unit active adult community in Carrollton, located in the Dallas-Fort Worth Metroplex
This asset brings Livingston’s overall investment in the Dallas-Fort Worth active adult market to $150 million within six months, according to Peter Scola, founder, president and co-CEO of the company.
“The Dallas Fort-Worth area appeals across demographics, as it offers an abundance of outdoor amenities, retail destinations, metropolitan conveniences and a great climate,” says Scola. “The population for ages 65 to 79 in particular increased 74 percent over the last 10 years and is expected to grow an additional 24 percent by 2025.”
Atlas Point is located one mile from The Shops at Willow Bend, a major retail center, and near several daily-needs retailers including Target, Costco, Home Depot and Walmart.
The property offers one-, two- and three-bedroom units.