Converge NW, Phase I

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Converge NW, Phase I

350 NW 6th St, Waukee, IA 50263

Project Size

Services Offered

Unit Mix

Capital Stack

Converge NW is a 469-unit, Class A multifamily community in Waukee, the fastest growing suburban market in Des Moines. 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 will have access to a clubhouse, pool, fitness center, dog park, and sport courts.

Historical Returns Summary

10-Year Sale Return Summary

19.82%

10-Year IRR

4.15x

Equity Multiple

10.10%

Cash-On-Cash
(7-Year Stabilized Avg.)

4-Year Sale Return Summary

35.97%

4-Year IRR

2.44x

Equity Multiple

Amenities

Community Clubhouse

Swimming Pool

Fitness Center

Dog Park

Sport Courts

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