Multi-Housing

BBK Portfolio (DSM)

902 E 1st St Ankeny, IA United States 50021-2111
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2006
Building Area
Number of units 507

Property Description

JLL (“Jones Lang LaSalle”) is pleased to present the BBK Portfolio, a 507-home, six-asset apartment portfolio located in suburban Des Moines, Iowa in the vibrant communities of Ankeny, Waukee, and Polk City. The BBK Portfolio offers investors excellent locations with strong market fundamentals and a rapidly growing population. The properties are primarily located in Polk County which is the most populous county in Iowa with 478,204 residents.


Residents enjoy quick access to the top employers of Ankeny and Des Moines including Wells Fargo, Mercy Medical Center, Principal Financial Group, and Athene USA Corporation, as well as limitless shopping, dining, and entertainment destinations, most notably in and around the outlets of Des Moines. The BBK Portfolio offers investors significant scale (507 homes) in suburban Des Moines that provides the unique opportunity to maximize management efficiencies through consolidating operations.

Investment Highlights

  • Excellent Area Demographics
    • The population within a three-mile radius has grown 37.5% over the last 10 years with over 20% of area residents representing the millennial demographic
  • Strong Market Fundamentals
    • The Ankeny submarket has shown impressive performance with 3.38% YoY effective rent growth in Q4 2019 and a stabilized forecasted occupancy above 95%
  • Accessible to Major Employers
    • The properties are in proximity to major roadways such as Interstate 35, Highway 69, and Highway 6 which provide direct access to downtown Des Moines and almost 14 million square feet of office space
  • Outstanding School Districts
    • The Ankeny Community School District and Waukee Community School District are widely regarded as the 6th and 8th best public school systems respectively in the state of Iowa
  • Proximity to Des Moines International Airport
    • The Des Moines International airport is only 30 minutes from the BBK Portfolio and services nearly 3 million passengers each year on both domestic and international flights
Last Updated Date: 02 Nov 2020
David Gaines
David Gaines
Senior Director, Capital Markets
License details
IL-475.137087
Kyle Butler
Kyle Butler
Associate, Capital Markets
License details
IL-475.175786

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+41445083302
Last Updated Date: 02 Nov 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.