Haverkamp Portfolio

A 352 Unit, Class A multifamily development located in the heart
of North Liberty, one of the fastest-growing communities in Iowa.

Investment Date
July 2023

Execution
Haverkamp Construction is currently overseeing the development
which will be completed in three phases between 2024 and 2025.

Results
The first building of phase 1 opened in July 2024 with the rest of phase 1
going online by Q4 2024.

A 279 Unit, Class A 55+ living community situated near The District at Prairie Trail in Ankeny, IA.

Investment Date
December 2021

Execution
Construction of Phase 1 started in 2021 and finished in the fall of 2023.
An additional 142 units are slated for Phase 2.

Results
Phase 1 is currently leasing up on schedule and Phase 2 Construction is
anticipated to commence in Q1 2025.

Class A, 300-unit market-rate apartment community located along Hwy 65 in Altoona, IA, near new retail and restaurants.

Investment Date
August 2020

Execution
Construction of Phase 1 (168 units) started in 2020. Phase 2 (132 units) concluded in November 2022.

Results
All but one of 300 units were pre-leased prior to building openings. Current In-place rents over 30% more than original projections.

190-unit, property-tax abated townhome apartment community
located near major employers, retail and restaurants.

Investment Date
May 2020

Execution
The property was purchased from the original developer with attractive assumable financing in place.

Results
We were quickly able to move occupancies from mid-80% to upper 90%, while increasing rents.

An age-restricted, multi-family development offering
291 apartment units in Waukee, IA.

Investment Date
January 2018

Execution
Phase 1 Construction started in 2017 and Phase 2 concluded in early 2023.

Results
Occupancy is consistently well above 95% due to very strong resident retention and demand from new prospective renters.

Class A, 518-bed student housing development located near
the heart of Iowa State University Athletics.

Investment Date
October 2015

Execution
The total development was completed in two phases, with the 2nd phase completed in July 2017.
Occupancy rates of 98%+ were achieved in 2016-2017.

Results
The asset was sold in December 2017 realizing investor MOIC of 2.13x and IRR of 46%.

Class A, 297-unit market-rate apartment community
conveniently located along 1st Ave S in Altoona, IA.

Investment Date
August 2014

Execution
The development was completed by Haverkamp Construction
in three phases between 2015-2018 with a total cost of $30.5 million.

Results
This asset continues to maintain occupancies averaging 97%.