Livingston Street Capital continued its active adult community buying streak by adding a 183-unit community in Prestonwood to its growing portfolio. The purchase brings Livingston Street’s active adult investment in the Dallas-Fort Worth area to $150 million across four properties in just six months. This also represents the firm’s fourth acquisition of the year, and seventh since the start of 2020. In that time, Livingston Street has picked up seven communities in Texas, Illinois, Maryland and Florida.
Built in 2017, Atlas Point at Prestonwood contains 183 units with one-, two-, and three-bedroom options that feature walk-in closets, granite countertops, hardwood-style flooring, and stainless-steel appliances. There is a resort-style pool, outdoor lounge with kitchen, salon, fitness center and pet washing station, plus the community is located one mile from The Shops at Willow Bend, a major retail center, and near several convenient daily-needs retailers including Target, Costco, Home Depot and Walmart. Additionally, residents are a short drive from the Carrollton Senior Center, a 22,500 square foot facility that consists of a large social area for games and activities, a ballroom, and a boardwalk with waterfront piers on a lake surrounded by trails for hiking and biking.
