Percipio Partners has acquired a 72-unit residential property in Sioux City, Iowa, aiming to enhance the living experience through significant renovations and community-oriented improvements.

Information on the Target

Percipio Partners, a leading multi-family real estate investment firm based in Omaha, Nebraska, recently announced the acquisition of a 72-unit residential property in Sioux City, Iowa. This property, constructed in 1993, features a blend of two- and three-bedroom units and is strategically located in the vibrant Morningside area, providing convenient access to essential amenities such as Morningside College, Lakeport Commons, and various major retailers.

To ensure a high-quality living experience, Percipio Partners plans to undertake significant renovations at the property. Upgrades will include the installation of stainless steel appliances, plank flooring, modernized countertops, and enhanced fixtures and hardware. Additionally, community-focused improvements will be introduced to promote resident well-being.

Industry Overview in Iowa

The real estate sector in Iowa is experiencing steady growth, particularly in multi-family housing. With an increasing population and a demand for quality rental units, investors are turning th