Gardner Capital Completes New Affordable Living Complex in Durant

DALLAS, Oct. 13, 2020 /PRNewswire/ -- Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed a new affordable living complex in Durant, OK. The new Dixon Park community includes 60 units, with 54 of them designated for residents at 60 percent or below of area income.
Gardner Capital Completes New Affordable Living Complex in Durant
"With a growing need for affordable living spaces, Durant was the perfect location for this project," said Michael Gardner, President and CEO of Gardner Capital. "Gardner Capital is proud to create places to live that are affordable, convenient and sought after by local families, individuals and seniors a?? and excited about our growing Oklahoma portfolio."Red Stone Equity PartnersA served as the tax equity partner for the project while Legacy Bank & Trust Company provided both construction and permanent financing.A  "Efficient execution with financial partners if a huge factor in any real estate development, and working with Legacy and Redstone provided a seamless execution," said Amy Dosen, Managing Partner at Gardner Capital, noting the importance of trusted financial relationships and Gardner Capital's commitment to continuing to grow the long term and long standing relationships with both Legacy Bank & Trust CompanyA  as well as Red Stone Equity Partners. Located at 1260 N. 1stA Ave. in Durant, the Dixon Park apartments offer a mix of one-, two- and three-bedroom units with a community clubhouse, fitness center, storm shelter, picnic area, easy access to US-75 and accessible units. Seldin is the on-site property manager for Dixon Park.
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