July 24, 2017

Downtown VUE Offering Closed: $3.25MM Raised

Downtown VUE

We’re pleased to announce that we closed fundraising for the Downtown VUE, LLC, raising $3,250,000 from investors across the Midwest.

Downtown VUE, LLC will feature 111 new apartments in the northern gateway of downtown Des Moines, IA. The buildings’ exterior features an edgy urban design that is walkable to area campuses. The sleek, stylish interior finishes will appeal to prospective downtown residents. The project will include one-, two- and three-bedroom units, which are larger than typically
found downtown to accommodate roommate situations. VUE’s location is well-placed among some of Des Moines’ most prominent employers and their campuses. To the northeast are
Mercy Medical Hospital & College and the Des Moines Area Community College downtown campus. Immediately to the south is the world headquarters of Principal Financial, currently undergoing a nearly $300 million renovation. The site is also near the riverfront, Wells Fargo Arena, Convention Hall & Hotel, and more.

VUE is the third project that Ernst Capital has partnered with Hubbell Realty Company, a leading developer and property management firm based in West Des Moines, IA.

 

May 4, 2017

Hubbell Apartment Living named Management Company of the Year

Hubbell Realty Company, our development and management partner in Des Moines, IA, was awarded seven Pinnacle of Excellence awards from the Greater Iowa Apartment Association, including Management Company of the Year.

Hubbell Realty Company is the real estate leader in Des Moines, providing a full range of services including commercial construction, development services, property management, brokerage, and home building. Ernst Capital Group has partnered with Hubbell for construction, development, and property management services on Legacy Landing and 5Fifty5 Townhomes.

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 1st units.  In the spring of 2017, Signature Construction will begin work on the clubhouse and community building, anticipating a partial opening in early 2017.

October 2, 2015

Cutting the Ribbon for Legacy Landing

Copyright Ernst Capital Group, LLC 2024. All Rights Reserved
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Save