Forge65 brought a much-needed housing expansion to the city of Pleasant Hill, an eastern suburb of Des Moines. For several years, Pleasant Hill experienced stable single-family residential and commercial development but did not experience the same for multifamily, maintaining an extremely low vacancy rate of ~2.5%. The strong demand for housing provided durable support for the development, which played out in the rapid lease-up of the community. Forge65 leased up 7 months faster than proforma projections and effective rents outperformed projections by $63/month on average.
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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.
