Attivo Trail - Waukee
Waukee, IA
An age-restricted, multi-family development offering 291 apartment units in Waukee, IA.
Property Description:
| Status: | Phase 1 Complete & Stabilized |
|---|---|
| Type: | 55+ Active Living |
| Location: | Waukee, IA |
| Class Type: | Class A |
| Years Built: | 2017 - to Present |
| Units: | 291 |
Investment Highlights
| Original Investment Date: | January 2018 |
|---|---|
| Occupancy: | Averaged 98% in the 15 months since stabilization |
Investment Background
Attivo Trail is our initial entry into the age-restricted (55+) active listing market. Attivo offers high-end, luxury amenities such as a heated swimming pool, community room, lounge, library, fitness center, outdoor grilling stations, walking trails, putting green, and much more. All of these amenities are part of Attivo's exclusively for-rent development that affords a lock-and-leave lifestyle and frees seniors from the responsibilities of home ownership.
Execution
Construction on Phase 1 started in 2017 and concluded in early 2019. Phase 2 started construction in 2021 and concluded in early 2023 including approximately 100 underground parking spaces that were not included in Phase 1. More attached and detached garages were added, as well as additional common area amenities including a theatre room, family room, raised garden spaces, bocce ball, and more.
Photo Gallery
Results
Occupancy is now above 90% and will be fully stabilized by summer 2023.
Have questions?
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