TriGate Capital Completes Acquisition of DFW Single-Family Residential Land
DALLAS, TEXAS – TriGate Property Partners IV, L.P. recently closed on the acquisition of 48 acres of single-family residential land 25 miles north of Dallas in the community of Lewisville. The land parcel is attractively located in a vibrant and growing area just south of TX Highway 121 and the successful Grandscape development. The property is zoned for 136 single-family lots. Average household incomes hover around $140,000, and the area has benefitted from continued residential growth from national homebuilders in neighboring communities such as Castle Hills along with large nearby corporate relocations such as Toyota, J.P. Morgan, Frito Lay, and many more.
TriGate is excited to work with a locally based land development partner, Lyfe Residential, on the project and expects delivery of finished lots in 2025.
TriGate’s current investment vehicles remain focused on residential, retail, and situations arising from current dislocations in the capital markets caused by the historically rapid rise in interest rates. TriGate invests in all major MSAs across the Sunbelt.