Signature Companies – Ernst Capital Group

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.

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.