November 21, 2025

Prairie Dunes

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Prairie Dunes, LLC

North Sioux City, SD – Development

Located in in North Sioux City, South Dakota Prairie Dunes will bring approximately 177 units and 20 buildings to the area. The project will be built in two phases, with pursuit of the second phase subject to the approval of the Managing Member and the Class B Members. The first phase will consist of approximately 89 units and 10 buildings, including 1 ten-unit garage, 11 studio units, 11 one-bedroom units, 22 two-bedroom units, 6 three-bedroom units, 18 two-bedroom townhome-style units with attached garages and 21 three-bedroom townhome-style units with attached garages. (“Phase 1”). The second phase is expected to have approximately 88 units and 10 buildings, including 2 ten-unit garages, 11 studio units, 11 one-bedroom units, 22 two-bedroom units, 6 three-bedroom units, 6 two-bedroom townhome-style units with attached garages and 32 three-bedroom townhome-style units with attached garages. (“Phase 2”). The project will include a clubhouse and an in-ground outdoor pool.

Prairie Dunes was developed by Signature Companies.

177 Units
Investment Year: 2025
Capital Investment: $8,000,000
todd@ernstcapitalgroup.com
0
November 21, 2025

Splitrock Townhomes

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Splitrock Townhomes, LLC

Sioux Falls, SD – Development

Located in eastern Sioux Falls, South Dakota that is expected to bring a total of 168 townhome-style apartment units to the intersection of 26th Street and Six Mile Road, in two phases. This is the next phase of the overall development bringing townhome-style living with many different floor plans in two and three-bedroom layouts. Additional commercial development land is southeast of the site, which may offer residents additional nearby services in the future. Each townhome includes an attached two-stall garage plus two dedicated surface parking spaces, ground floor patios or decks, and a washer/dryer in each unit. The clubhouse that was built for the previous Split Rock Village project on the southeast part of the site will be shared with Split Rock Townhomes, allowing access and cost of the amenities to be shared. Marketing, management staff, and maintenance staff will also be shared, providing improved economies of scale. The clubhouse features a game room, fitness center, golf simulator, in-ground pool and restrooms. The rental office and reception area are also located in the clubhouse building.

Splitrock Townhomes was developed by Signature Companies.

168 Units
Investment Year: 2025
Capital Investment: $5,050,000
todd@ernstcapitalgroup.com
0
February 5, 2025

Splitrock Village

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Splitrock Village, LLC

Sioux Falls, SD – Development

Located in eastern Sioux Falls, South Dakota that is expected to bring 244 apartment units to the intersection of 26th Street and Six Mile Road. A mix of studio, 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. There are also 50 garages available to residents at an additional cost. The development will feature an amenity package with a high-end full-service clubhouse including an outdoor patio and pool. Split Rock Village is the first phase of this development and will be a great addition to the growing residential and commercial developments in eastern Sioux Falls.

Splitrock Village is owned by Signature Real Estate Income Fund VI, LLC and was developed by Signature Companies.

244 Units
Investment Year: 2024
Capital Investment: $11,850,000
todd@ernstcapitalgroup.com
0
February 5, 2025

Willowbrook Village

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Willowbrook Village, LLC

Sioux Falls, SD – Development

Located in eastern Sioux Falls, SD this development brings 57 new single-family homes for rent near the intersection of SD Highway 100 and Arrowhead Parkway. A mix of 2- and 3-bedroom units with attached garages offers residents flexibility to choose the right unit type, floor plan, and price point to fit their needs. The development features all the comforts of single-family living in a convenient rental package with access to the future neighborhood bike and walking trail. Willowbrook Village was added to the greater Willows Edge community, home to growing residential and commercial developments along SD Hwy 42 and Six Mile Road.
Willowbrook Village is owned by Signature Real Estate Income Fund VI, LLC and was developed by Signature Companies.

57 Units
Investment Year: 2023
Capital Investment: $7,000,000
todd@ernstcapitalgroup.com
0
January 5, 2025

Phase IV LINC Apartments

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Phase IV Linc Apartments, LLC 

Des Moines, IA  – Development

Located in downtown Des Moines, IA, LINC IV is the fourth phase of a multi-family development in Gray’s Station in downtown Des Moines, Iowa. Started in 2018, LINC I was one of the first components of the larger Gray’s Station neighborhood and is located on the prominent corner of MLK Jr. Parkway and SW 11th Street in downtown Des Moines. LINC IV is expected to bring 135 units and 51 attached tuck-under garages to the development, joining the greater multi-family community of LINC I, LINC II, and LINC III (Linc Townhomes). The greater LINC community offers residents a market-leading amenity package, including several gathering spaces, state-of-the art business center, game room, two-level fitness center, theater room, dog park, outdoor pool and clubhouse with feature kitchen, and access to the neighborhood walking, running, and bike trail system.
The property was developed by Hubbell Realty Company.

135 Units
 
Investment Year: 2024
Capital Investment: $7,100,000
todd@ernstcapitalgroup.com
0
August 19, 2024

Cherry Creek Village

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Cherry Creek Village I, LLC

Omaha, NE – Development

Located near the intersection of Potter Street and Highway 133 (Blair High Road), this development is expected to be the first phase of a 48-acre multi-phase residential neighborhood with future planned phases including additional townhome-style and traditional multi-family unit types. The property features five 3-story buildings, a clubhouse and pool area, and 16 detached garage spaces. Residents have the flexibility to choose among diverse floorplans, with options for many different unit types. All residents are able to enjoy the property’s attractive amenity package, including the clubhouse, fitness facility and pool area. The clubhouse also includes high-end features like a coffee bar, gaming area and golf simulator attracting year-round use by residents.

Cherry Creek Village was developed by Signature Companies.

203 Units
Investment Year: 2024
Capital Investment: $10,000,000
todd@ernstcapitalgroup.com
0
August 10, 2023

Riverwood Apartments

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TREF Riverwood Apartments, LLC

Pleasant Hill, IA – Acquisition

Located off East University Avenue and directly across the street from a Hy-Vee grocery store along with several other retail businesses, in Pleasant Hill, a rapidly growing eastern suburb of Des Moines, 10-15 minutes from downtown Des Moines. 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. 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.

69 Units
Investment Year: 2023
Capital Investment: $3,200,000
todd@ernstcapitalgroup.com
0
August 9, 2023

The Yukon at Benson

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Benson QOZB, LLC

Sioux Falls, SD – Development

Located near the intersection of West Benson Road and North Marion Road. The property features 150 units in 3-story buildings, 91 townhome-style units with attached garages, and 60 detached garage spaces. Residents have the flexibility to choose among diverse floorplans, with options for many different unit types, sizes and parking choices. All residents are able to enjoy the property’s attractive amenity package, including a clubhouse, fitness facility and pool area. The clubhouse also includes high-end features like a coffee bar, gaming area and golf simulator attracting year-round use by residents.
The Yukon at Benson was developed by Signature Companies.

241 Units
Investment Year: 2023
Capital Investment: $7,825,000
todd@ernstcapitalgroup.com
0
January 4, 2023

Shepherd Hills Commons

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Shepherd Hills Commons, LLC

Rapid City, SD – Development

Located near the intersection of east Animosa Street and Mickelson Drive, Shepherd Hills Commons is a new multi-family development in Rapid City, SD that brings 271 new apartment units to South Dakota’s second largest city in the state. The property features a mix of studio, 1-, 2-, and 3-bedroom apartment units along with 1-, 2- and 3-bedroom townhome-style apartments. Residents have the flexibility to choose among diverse floorplans, with options for many different unit types, sizes and parking choices. All residents are able to enjoy the property’s attractive amenity package, including a clubhouse, playground, fitness facility and pool area. Shepherd Hills Commons was developed by Signature Companies.

271 Units
Investment Year: 2022
Capital Investment: $7,800,000
todd@ernstcapitalgroup.com
0
January 3, 2023

Willows East Commons

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Willows East Commons, LLC

Sioux Falls, SD – Development

Located in eastern Sioux Falls, the project features 117 townhome-style apartment units near the intersection of SD Highway 100 and Arrowhead Parkway. A mix of 2- and 3-bedroom units with attached garages offers residents flexibility to choose the right unit type, floor plan, and price point to fit their needs. The development features an amenity package with an onsite office, fitness facility, dog park and access to the neighborhood bike and walking trail. Willows East Commons was added to the greater Willows Edge community, home to growing residential and commercial developments along SD Hwy 42 and Six Mile Road. Willows East Commons was developed by Signature Companies.

117 Units
Investment Year: 2022
Capital Investment: $4,750,000
todd@ernstcapitalgroup.com
0
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