Attivo Ankeny Investors - Attivo Trail Ankeny

About the Project

Attivo Ankeny Investors has 20% ownership in Attivo Trail Ankeny. Upon completion, the property will be a 279 unit Class-A luxury living community for residents ages 55 and over. The community offers top-of-the-line unit finishes, underground parking, a large celebration room, fitness center, library, resident game lounge, indoor swimming pool, walking trail, pond, community garden, and much more. Phase 1 opened in October 2023.

Operating Results on Phase 1:

As of 12/31/2024, we have leased a total of 87 of the 137 Phase 1 units (64% leased). Our goal for stabilization has been extended into the summer months, though we have seen increased traffic in Q1 2025 as we moved beyond the holidays and enjoyed some warmer weather. With this increased traffic, our leased units have increased to 103 (77% leased as of 4/13/25). With the upcoming increases in occupancy, we are expecting to be cash flow positive in Q3 of 2025.

Phase 2 Construction Update:

We have finalized the financing for Phase 2 and officially began construction on the additional 142 units through the winter months. The first units in Phase 2 units are on track for delivery in Q1 2026.