Fireside Financial has purchased Wellington Apartments, a multi-family property in West Des Moines, Iowa.
The sale closed on July 30.
This is the first acquisition in Iowa for the investors who already own several properties in Indiana, Kentucky and Missouri.
Fireside has hired Omaha-based Seldin Company to handle management responsibilities.
Wellington is a 420-unit apartment community built in 1990 on 46 acres. The 28 buildings consist of one- and two-bedroom apartments ranging in size from 700 square feet to 960 square feet. Amenities include a clubhouse and two pools.
