Greysteel Arranges Multifamily Sale in Iowa
Greysteel announced the sale of Fountain Terrace, a newly constructed 146-unit multifamily community at 655 S 88th Street in West Des Moines, Iowa.
The property’s blend of high-quality new construction in a prime location resulted in strong investor interest, ranging from private capital to institutional capital. Completed in 2024, Fountain Terrace was 94% occupied at the time of closing.
The property offers studio, one-, two-, and three-bedroom apartment homes. The community features amenities, including a swimming pool, fitness center, detached garages, and pet-friendly facilities.
“This property stood out as new construction with highly desirable amenities and an exceptional location in the heart of the area’s major job center,” said Zach Schneider, Director at Greysteel. “Its combination of accessibility and thoughtful features attracted competitive offers from groups eager to enter Des Moines with a standout opportunity in the market.”
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout