ECG News Archives - Page 11 of 12

April 26, 2017

US Census Bureau: Des Moines Fastest Growing Metro in Midwest, Sioux Falls 3rd

The US Census Bureau recently released its latest population estimates and Ernst Capital Group’s focus markets are featured prominently.

The Des Moines MSA was the fastest growing Metro area in the Midwest from 2015-2016, with 2.0% growth in that year, adding 12,145 residents to the MSA population of 634,725.

The Sioux Falls MSA was the 3rd fastest growing in the same time period, adding 3,840 residents to the now 255,729 population MSA, representing 1.5% growth.

Ernst Capital’s focus is to connect investors with quality local real estate. By focusing our efforts in Sioux Falls, SD and Des Moines, IA, the Census Bureau shows that we’re focusing on some of the best growth areas in the Midwest. We’re proud of our communities, and we’re happy that more and more people continue to call these communities home.

todd@ernstcapitalgroup.com

March 17, 2017

WSJ: Sioux Falls Fastest Growing Metro in Midwest since 1990

We’re proud to call Sioux Falls home, as the city is home for our company as well as many of our investment holdings.

The Wall Street Journal also took note of Sioux Falls’ growth, with a story today that features our city’s trajectory as the fastest growing metro area in the Midwest of over 50,000 residents.

Writer Shibani Mahtani goes back into our history of economic development, noting the trajectory changes in financial services starting in the 1980s and the health-care explosion that has occurred over the past 20 years with advances by Sanford and Avera Health. The employment and services that have followed these employers has fostered Sioux Falls 63% population growth since 1990, as noted in the Bureau of Economic Analysis data the WSJ cites.

We’re pretty excited about Sioux Falls and its’ future, we’re happy that the Wall Street Journal is also taking notice.

SiouxFalls.Business features The Commons

Jodi Schwan, the longtime business journalist and former city Chief of Staff has started a new venture and business news source: SiouxFalls.Business. This week, the SiouxFalls.Business website featured The Commons as a new approach to multi-family living in Sioux Falls. The Commons, along with 5Fifty5, are apartment communities owned by the Signature Real Estate Income Fund, LLC.

The article discusses the multiple options for prospective residents that can be found at The Commons. Within the one community, residents can choose from The Flats, consisting of two-story townhome apartments with private entrances, as well as three and four-story apartments and townhomes with attached garages. This will allow The Commons to attract residents looking for different options and amenities all within one cohesive community. Click here for more information on leasing one of the new units at The Commons, set to open this summer.

Or, you can read more about The Commons from Jodi at her new site, SiouxFalls.Business.

todd@ernstcapitalgroup.com

January 11, 2017

Signature Fund Closed, Raised over $8MM

FUNDRAISING: CLOSED

We’re pleased to announce that fundraising for the Signature Real Estate Income Fund is closed. Private Investors throughout the Midwest committed over $8,000,000 in capital for developments valued at over $42,000,000.

In the coming weeks, we’re going to be distributing over $250,000 to Signature Fund investors, and plan to continue with monthly distributions going forward.

Thank you to all who invested in or considered the Signature Fund. We’re excited for the future of The Commons and 5Fifty5.

Here are some initial details on the properties in the Signature Fund:

Signature Fund Ownership: 80%

Appraised Value: $13,180,000

5Fifty5 is a 47-unit townhome project in downtown Des Moines, Iowa. Construction is complete on the first four buildings with the last 6 buildings coming online in early 2017.

Signature Fund Ownership: 100%

Appraised Value: $29,200,000

The Commons is a 295-unit housing complex in Sioux Falls which will consist of townhomes and apartments. Construction has started on site work and framing of the 1^st units. In the spring of 2017, Signature Construction will begin work on the clubhouse and community building, anticipating a partial opening in early 2017.

todd@ernstcapitalgroup.com

December 9, 2016

Lloyd Property Management named Top Property Management Firm

Lloyd Property Management Team Receiving Best Management Firm Award

Photo: SD Multi Housing Assn

Congratulations to Lloyd Companies, our partners in Property Management and Development, as Lloyd Property Management was named the Top Property Management Firm at the SD Multi-Housing Association‘s annual Walk of Stars event held on December 6 in downtown Sioux Falls.

Lloyd Companies was founded in 1972 and is a full-service
property management, real estate, construction, and development company. Lloyd manages over 4,500 units of multi-family housing, including more than 2,500 units in projects syndicated by Ernst Capital Group.

todd@ernstcapitalgroup.com

October 5, 2016

PetSmart Opening Store at Dawley Farm

Photo: Courtesy of Lloyd Companies

Lloyd Companies announced that they have begun to work on a new PetSmart store at Dawley Farm Village, as reported by the Argus Leader.

We are excited about this new prototype store, as it will be located adjacent to the Burlington store and near Highway 11 Retail. Both properties are owned by the Dakotas Real Estate Income Fund II.

Construction on the new store is slated to begin within the next few weeks, with opening planned for next summer.

todd@ernstcapitalgroup.com

October 3, 2016

Meta Financial Group Announces $42MM Acquisition

BroadBandPart Meta Financial Group announced today that they are acquiring EPS Financial, LLC, a Pennsylvania-based company for $42 million. EPS is a leader provider of tax-related financial transaction services. With the addition of EPS, Meta has now added the 2nd and 3rd largest such companies in the industry.

We are proud that Meta has chosen The Edges in Sioux Falls, SD as its future campus. Both the Broadband Partners and TC Partners properties are home to divisions of Meta Financial Group.

todd@ernstcapitalgroup.com

July 4, 2016

Lincoln County Commits $15MM to 85th Street Interstate Exchange

85th Street Crossing In June, the Lincoln County Commission approved a $15 Million commitment to building a new interchange at the intersection of Interstate-29 and 85th Street in southwest Sioux Falls.

85th Street Crossing is part of a group of stakeholders that have committed funding and personnel resources to developing the engineering studies and planning required before transportation officials will consider a new interchange.

With the help of many stakeholders, Lincoln County has taken a big step toward the introduction of 85th Street as a new commercial corridor in Sioux Falls. Read more from the Argus Leader.

todd@ernstcapitalgroup.com

May 4, 2016

DocuTAP Acquired by Global Firm, to Stay in Sioux Falls

Plaza Big news for the anchor tenant in The Plaza!

As reported by the Sioux Falls Business Journal, DocuTAP announced in early May that it had been acquired by global private equity firm Warburg Pincus. Warburg Pincus is led by the former U.S. Treasury Secretary Timothy Geithner and has over $40 Billion in private equity assets under management.

The article states that DocuTAP CEO Eric McDonald plans to stay on as CEO and the business will remain in Sioux Falls.

A great testament to a growing company! We’re glad DocuTAP calls The Plaza home. Learn more about their innovative company at DocuTAP.com

todd@ernstcapitalgroup.com

April 12, 2016

Meta Financial Group leases more space and plans an eventual campus at The Edges

todd@ernstcapitalgroup.com

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