Converge NW is a 213-unit, Class A multifamily project in Waukee, Iowa, the fastest growing suburban market in the Des Moines metropolitan area. The 15.00-acre site is conveniently located just north of Hickman Road – one of the main thoroughfares in the western suburbs – and less than a 10-minute drive from Interstate 80. Robust economic development activity is happening in the area, headlined by the new $132 million Waukee Towne Center commercial district anchored by Target, $117 million NW High School, and Triumph Park. All this momentum bolsters an already highly coveted neighborhood and will expedite the rapid growth in the market. Converge NW residents have access to a clubhouse, pool, fitness center, dog park, and sport courts. Easy trail accessibility provides residents with walkability and biking right outside their door.
10-Year IRR
Equity Multiple
Cash-On-Cash (7-Year Stabilized Avg.)
4-Year IRR
Equity Multiple
The following examples highlight Hubbell Realty’s development projects in the Greater Des Moines metro area.
*Project details are subject to change. Current as of 11/7/24. This information does not constitute an offer to sell or a solicitation of an offer to buy securities. This information is not intended to be complete and final. The information on this website should not be relied on by anyone reading it as a basis for an investment decision and does not take into account the objectives, financial situation or needs of any potential investors. Investment opportunities offered by Hubbell Realty Company and any of its affiliates are limited to individuals who qualify as accredited investors as defined by U.S. Securities and Exchange Commission regulations. Any offer or sale of securities will be made only through a definitive agreement.