Greysteel closed the sale of Fountain Terrace, a newly constructed 146-unit multifamily community at 655 S. 88th St. in West Des Moines, Iowa.
The property’s blend of quality new construction in a prime location resulted in high investor interest, from private capital to institutional capital.
Completed in 2024, Fountain Terrace was 94% occupied at closing. The community features an array of desirable amenities, including a swimming pool, fitness center, detached garages, and pet-friendly facilities, contributing to its appeal.
