Investor Pays $15M For Nebraska Apartment Community

News| September 21, 2026| Jasmine Kilman

Chicago & Midwest + Apartment Buildings

Dakota Pointe, a 143-unit multifamily property in the south end of South Sioux City, Nebraska, sold for $15.3 million, or approximately $107,000 per unit. Greysteel represented the seller. Both the buyer and the seller are private investors based in South Dakota.

The property drew multiple offers, and the closing structure met the seller’s timing requirements and the buyer’s long-term hold objectives. At closing, Dakota Pointe was fully occupied and featured a mix of one-, two-, and three-bedroom units in a property built in 1994.

“Buyers are looking harder at Midwest secondary markets than they were a year ago, and Dakota Pointe drew that interest quickly,” said Ryan Carter, Senior Director, Investment Sales at Greysteel. “The investors we surveyed at mid-year told us steady rental demand and yield drive their buying in markets like this one, and Dakota Pointe delivers both.” Greysteel covers Nebraska, Iowa and surrounding states from its Omaha and West Des Moines offices.

Other News

309-Unit Waterfront Community in Madison Celebrates Grand Opening

Chicago & Midwest + Apartment Buildings

Clarion Partners, Vermilion Development, and Quartz Lake Capital recently hosted an official ribbon-cutting event with the residents, elected officials, distinguished guests, and project team at the newly opened multifamily community, The Duncan, at 1625 Lock Lane in Madison, Wisconsin. Located on approximately 8.2 acres along Madison’s Isthmus, the 309-unit property offers lakeside living with proximity...

Learn more

Decron Pays $114M for Miracle Mile Apartments

California & West + Apartment Buildings

Los Angeles-based Decron Properties has made its first acquisition in nearly two years, paying $114 million for an apartment complex along LA’s Miracle Mile. Decron bought 5550 Wilshire Blvd., a 163-unit complex, from Boston-based GID, which acquired the property in 2023, LA Business First reported. JLL’s Blake Rogers represented the seller and buyer. Developed in...

Learn more

Northcrest Takes 43 Acres At YZD To Market As Development Moves Into Build Phase

Canada + Apartment Buildings

Northcrest Developments is taking a 43-acre employment block at Toronto’s YZD to market as the 370-acre redevelopment of the former Downsview Airport lands shifts from years of planning into construction. PSP Investments acquired the site from Bombardier for $825M in 2018 and created Northcrest to oversee its redevelopment. The former airfield is planned as a...

Learn more