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Posted on: Dec. 10, 2020, 1:01 p.m.
The six communities comprising some 500 units are scattered across suburban Des Moines, in Ankery, Waukee and Polk City. : BBK Apartments has sold a six-property residential portfolio in suburban Des Moines, Iowa, for $56.8 million. The transaction marks Spruce Properties’ first buy in the state. JLL Capital Markets represented the buyer and arranged a 10-year, 2.8 percent, fixed-rate Fannie Mae acquisition loan. JLL Real Estate Capital LLC will service the financing. The portfolio includes the 239-unit Lake Shore, the … Full investment news articleRelevent to this post: Louisiana Economic Development,