Ernst Capital is pleased to announce that fundraising for Territory Real Estate Fund, LLC has closed. Private investors throughout the US committed $3,200,000 in capital for the acquisition of an existing apartment project located in Pleasant Hill, IA. This is the sole project in the fund. Thank you to all who invested in or considered Territory Real Estate Fund, LLC.

Riverwood Apartments is a well-maintained 69-unit apartment community in Pleasant Hill, Iowa. Pleasant Hill is a rapidly growing eastern suburb of Des Moines, located about 10-15 minutes from downtown Des Moines, Iowa. The city is located at the intersection of US Highway 65 bypass and Iowa Highway 163, and is in close proximity to Interstate 80 and Interstate 35 offering easy access to the rest of the metro. Riverwood Apartments is well located off East University Avenue and directly across the street from a Hy-Vee grocery store along with several other retail businesses.
The property is just under 10 miles from the new Amazon Distribution Center in Bondurant that recently added more than 1,000 jobs. A mix of 1-, 2- and 3-bedroom units will offer residents flexibility to choose the right unit type, floor plan, and price point to fit their needs.