Attivo Trail - Ankeny
Ankeny, IA
An age-restricted, multi-family development offering 137 Phase 1 units in Ankeny, IA.
Property Description:
| Status: | Phase 1 Under Construction |
|---|---|
| Type: | 55+ Active Living |
| Location: | Ankeny, IA |
| Class Type: | Class A |
| Years Built: | 2021 to present |
| Units: | Phase 1 - 137 |
Investment Highlights
| Original Investment Date: | July 2022 |
|---|
Investment Background
Attivo Trail is our second 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, 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 of Phase 1 started in 2021 and finished in the fall of 2023. An additional 143 units are slated for Phase 2.
Results
The initial loan is fixed at 3.3% for 10 years, with a 30-year amortization schedule.
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