Map pin401 Shiloh Rd, Plano, TX, 75074-7204, US

The Savannah at Gateway

The Savannah at Gateway_Property for Sale

Attributes

Units
292
Occupancy
90%
Year built
2016
Building area gross
196,120 sf

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale The Class B Special Limited Partner Interest in The Savannah at Gateway, a 292-unit Senior LIHTC Property in Plano, TX. Located in the Premium Dallas MSA which experienced 15.3% max rent growth over the past two years and ranks as the 4th largest MSA in the United States. The Savannah at Gateway offers Investors a stable bond-like cash flow due to the $675 spread of market-rate rents over in-place lease rents. Strong AMI and income limit growth (7.1% and 4.7% growth projected for 2024 and 2025, respectively) present investors with additional organic upside. 

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Investment highlights

  • Robust Max Rent Growth
  • Stable Bond-Like Cashflow
  • Highly Amenitized Community Tailored to Senior Residents
  • Growing Plano Submarket
  • Premium Dallas Metro
The Savannah at Gateway 4_Property for Sale
The Savannah at Gateway 4_Property for Sale
The Savannah at Gateway (0 Properties)

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Last updated
May 16, 2024