Dakota REIT announces the acquisition of Jackson Crossing, a 244 - unit multifamily property located in Des Moines’ Market District. This property was built in 2017 and features quality design and desirable amenities. The property’s proximity to downtown attracts a younger generation who seek to work and live there.
“I am excited to continue our growth in the Des Moines market with the acquisition of a Class A multifamily community in a desirable location near downtown Des Moines.” Matt Pedersen, Dakota REIT President. “Des Moines downtown is the home of several insurance and financial services as well as two Fortune 500 companies.” Dakota REIT’s investment objective is to generate attractive current income and equity growth by investing in diversified real estate assets in the upper Midwest. Des Moines, IA is a new market for Dakota REIT and fits Dakota REIT’s assessment of a growth market due to its above average population and job growth, as well as low un-employment enjoyed by the upper Midwest.
To view the press release click here.