Fund III
Watermark at Jordan Creek
West Des Moines, IA
176
Units
15-20%
Targeted IRR
2.0x-2.5x
Targeted Equity Multiple
Highlights:
- Increasing NOI through Management efficiencies
- Economies for scale with 4 other sister assets (1000+ units) in the market within 20 mins
- Rents an average of $250 below competitors
Year Built: 2015
Class: A