Ernst Capital is pleased to announce that fundraising for the Dakotas Real Estate Income Fund IV has closed. Private investors throughout the Midwest committed $11,850,000 in capital for developments valued at over $47,000,000.

In early July, we’re going to be distributing over $370,000 to Dakotas Fund IV investors, and plan to continue with monthly distributions going forward.  Thank you to all who invested in or considered the Dakotas Fund IV.

 

Park88 Apartments


Dakotas Fund IV Ownership:            100%
Park88 is a new development under construction in West Des Moines, IA. When complete, the project will feature 161 total units of apartments and townhomes. The first townhome units are anticipated to come online in the Fall of 2017 with the 4-story apartment building available in 2018.


Dakotas Fund IV Ownership:            100%
Meadows on Graystone is a new development under construction in southeastern Sioux Falls, SD, with new units coming online each month. The project will consist of 200 townhome-style apartments (15 total buildings). The first seven buildings have been complete to-date with leasing ahead of initial forecasts.


Dakotas Fund IV Ownership:            100%
DawleySmart Retail is an 18,000 sf commercial retail development for a new PetSmart retail store in the Dawley Farm Village in eastern Sioux Falls, SD. Construction is complete and store opening planned for later this summer.

 


Dakotas Fund IV Ownership:            100%
Majestic View is a 40-unit townhome-style apartment complex located in central Sioux Falls, SD. After purchasing the property, we have replaced all windows and patio doors. This summer, we are painting the buildings, performing asphalt repairs, and installing privacy fences.