Acquisition Fund Updates - December 2023

Quarter 3 in Review

In addition to the purchase of The Core, our acquisition team reviewed and made offers on several other potential acquisitions. During Q3 and Q4, they didn’t identify anything compelling enough to push on pricing or put under contract. Rising interest rates have pressured the real estate industry and dramatically slowed commercial real estate transaction volume nationwide.

That said, there are still good market opportunities, predominantly dealing with assumable debt or distressed asset sales. The team will continue to search for new acquisition opportunities throughout Iowa in Q4 and beyond.

Existing Properties

Current occupancy at The Core Ames is 99%, with rent ranging from $900 to $1,575. The leasing team shared that as of December 2023, they are 30% rented for the next school year. Notable infrastructure improvements at The Core include fixing the outdoor hot tub cover to reopen that amenity.

For More Information:

Visit the Investor Information page to learn about how you can invest in the Haverkamp RE Acquisition Fund.