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 Texas Parkway. The new multifamily development is located in Missouri City, Texas.
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.
“Residents at Gala at Texas Parkway will soon have access to EV charging stations, and we are looking forward to having them installed at the property,” said Amy Dosen, Managing Director, Capital Markets at Gardner Capital. “We are pleased to not only offer this convenience to residents, but to provide residents with deeply discounted EV charging rates thanks to soft funding provided by the GCRE Impact Fund.”
Located at 3102 Texas Pkwy, Missouri City, Texas, Gala at Texas Parkway is a garden-style apartment building for residents that are 55+ and has a total of 86 units. Amenities include a swimming pool, clubhouse, fitness center, business center and more.
The development was made possible through multiple financial and other partners, including Citibank. Property management services for Gala at Texas Parkway are provided by Seldin.
About the GCRE Impact Fund
Launched in 2020, the GCRE Impact Fund provides low interest soft loans and grants to initiatives that focus on upward mobility, renewable energy, EV adoption, or initiatives focused on investment in otherwise underserved markets. The Fund is expected to commit more than $500,000 annually for programs that align with the Funds investment goals and guidelines. For more information or to inquire about funding opportunities, please visit GCRE Impact Fund – Funding Page.
About Gardner Capital
Gardner Capital is a private equity firm with multiple operating businesses focused on affordable housing and renewable energy development, tax credit syndication, as well as real estate-related investments, joint ventures and capital partner structures. The firm has offices in St. Louis, Dallas, Houston and Orlando. Since 1992, Gardner Capital has placed more than $3 billion of equity in affordable housing and related investments. In recent years, Gardner Capital added a rapidly growing national platform for solar development and investments, expanding its commitment to renewable energy and sustainability across its investment platform. Additionally, the firm launched multiple alternative investment funds focused on renewable energy and EV adoption, upward mobility and investments in underserved markets. We are committed to investing in communities, creating upward mobility, and improving the wellbeing of families by developing, investing and raising capital for affordable housing and clean energy-related businesses.
For more information, visit www.gardnercapital.com.
Chief of Staff and Director of Solar Development for Gardner Capital
Amy Power/Stacey Gaswirth
The Power Group for Gardner Capital