Ernst Capital is pleased to announce that fundraising for the Blue Ridge Commons, LLC has closed. Private investors throughout the US committed $8,250,000 in capital for the development project located in Altoona, IA. Thank you to all who invested in or considered Blue Ridge Commons, LLC.

Blue Ridge Commons – This new multi-family development in Altoona, IA is expected to bring 324 new apartment units near the intersection of US Highway 6/65 adjacent to Interstate 80. The property is planned to be built in two phases, with each phase planned to bring 100 units in 3-story buildings and 62 townhome-style units with attached garages.  All residents will be able to enjoy the property‚Äôs attractive amenity package, including a clubhouse, fitness facility and pool area. The clubhouse will also include high-end features like a coffee bar, gaming area and golf simulator attracting year-round use by residents.