Fund II
Park 88 Apartments
Des Moines, IA
161
Units
15.5%
Targeted IRR
1.95x
Targeted Equity Multiple
- Economies of scale with Asset 3 – The Summit at Heritage
- #1 Best Place to Live in the Midwest for High Salaries and Low Cost of Living
- Rapidly growing commercial, medical, educational, and cultural hub
- Near Des Moines University, Drake University, and Wells Fargo campus
- Revenue growth
- Current rent trails competitors by $150
- Easy access to 4 major highway systems
Year Built: 2017 & 2018
Class: A