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We are thrilled to introduce Forest Avenue Village Apartments, a unique, off-market opportunity located in the thriving city of Des Moines, Iowa! This 2017-built multifamily property, our fifth investment in this market, features 50 newly renovated units, has benefits from tax increment financing, accelerated depreciation, and is just minutes from Drake University, providing excellent economies of scale in the Des Moines market.
With its prime location, contemporary design, and the significant advantage of Tax Increment Financing (TIF) which will considerably lower property taxes for the foreseeable future, Forest Avenue offers great potential to cash flow for our investors!
Situated just a few blocks from The Drake and Chetwynd, one of our successful assets, this new addition benefits from our established presence in the area. The Drake and Chetwynd currently provide a reliable Cash-on-Cash return, and we anticipate achieving similar performance with Forest Avenue Village. Proximity to an existing asset enhances our ability to manage and operate efficiently while leveraging market insights and achieving greater economies of scale.
Iowa stands out as a prime market for us due to its strong economic fundamentals, affordability, and growing demand for quality housing. The state boasts low unemployment, a diverse economy, and a pro-business climate, creating stability that attracts both residents and businesses. This demographic trend fuels demand for well-managed, modern rental properties, ensuring strong occupancy rates and consistent cash flow for multifamily investments.
Our established presence in Iowa has allowed us to develop deep market expertise and economies of scale. With a growing portfolio of successful multifamily assets in the state, we are confident in our ability to deliver consistent performance and value for our investors.
And %FIRSTNAME%, If you join this opportunity…
You can lock in a share of the property’s tax benefits with a portion of the bonus depreciation, and start receiving distributions from this cash flowing, stable investment!
First, determine how you are coming into this investment:
