Ernst Capital successfully closed a $3.2 million fundraising round for the acquisition of Riverwood Apartments, a 69-unit residential community in Pleasant Hill, Iowa.

Information on the Target

The Territory Real Estate Fund, LLC has successfully closed its fundraising round, securing $3,200,000 from private investors across the United States. The capital raised will be utilized for the acquisition of Riverwood Apartments, a 69-unit apartment community located in Pleasant Hill, Iowa. This project serves as the sole investment within the fund and reflects a focused strategy on residential real estate development in desirable locations.

Riverwood Apartments is characterized by its well-maintained facilities and strategic location. Situated in a rapidly growing eastern suburb of Des Moines, the community is approximately 10-15 minutes from downtown Des Moines. Its accessibility is enhanced by its proximity to major highways, including US Highway 65, Iowa Highway 163, Interstate 80, and Interstate 35, making it an attractive option for potential residents.

Industry Overview in the Target's Specific Country

The real estate market in the United States continues to show resilience, particularly in suburban areas where demand for housing is on the rise. As urban lifestyles evolve, many individuals and families are seeking residential optio