Source: Gardner Capital
DALLAS, TX - Gardner Capital, a private equity firm specializing in multifamily housing and renewable energy development and investment, announced that it has secured a funding commitment from the GCRE Impact Fund to support electric vehicle (EV) adoption for the recently completed development, Gala at Fate. The community is in Fate, Texas, approximately 26 miles east of Dallas.
Soft funding from the GCRE Impact Fund will pay for the installation of EV charging stations at the new community. It will also provide tenants access to EV charging at significantly reduced rates.
"Gardner Capital will be providing Gala at Fate residents with access to EV charging stations at favorable prices," said Michael Gardner, Founder of the GCRE Impact Fund and CEO of Gardner Capital. "Promoting EV adoption in the DFW Metroplex, specifically in the City of Fate, while delivering real savings to our tenants, is one of the reasons we launched the GCRE Impact Fund. We look forward to continuing to provide additional capital to this innovative and impactful Fund and hope it inspires others to offer alternative and creative funding options."
Gardner Capital remains focused on developing projects that deliver material economic value for low to moderate income families. The company will be installing the first Level 3, ultra-fast charging station in the City of Fate, which is only the third high-capacity EV station available in Rockwall County.
Located at 359 E. Black Oak Lane, Fate, Texas, Gala at Fate has a total of 185 units. Amenities include a resort-style swimming pool, fully appointed clubhouse with a fitness center and club room.
The development was made possible through multiple financial and other partners, including CREA and Citibank.