PASSIVE INVESTMENT OPPORTUNITY WEBINAR

THE LYON, DES MOINES, IA

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Investor Package with Offer Memorandum available after registration

6%

Preferred Return

5-6%

Cash on Cash

14-15%

IRR

2.25x

Equity Multiple

THE LYON

HEDGE AGAINST INFLATION WITH
LONG TERM CASH FLOW IN CLASS A LOCATION

NUMBER 1
JOB MARKET

PREMIUM
DOWNTOWN LOCATION

127 UNITS
11 STORIES

The Lyon is a 127 unit 11 story multifamily project located in a premium downtown location. 

With lower risk fixed rate leverage (67% LTV) this project is perfect for investors looking for more security and a conservative investment, yet desire strong upside. 

With the addition of 3 new units, upgraded amenities and improved management,  we expect an average $138/unit increase in rents and with further upside potential.

Completely renovated units to A Class standards, a skyline terrace, complimentary coffee bar, fitness studio, bicycle storage and on-site parking availability make it appealing to long-term renters.

Located in the desirable Des Moines market which is the #1 Hottest Cities for Jobs.

A+ Location in the rapidly growing East Village neighborhood of Des Moines – the building overlooks the downtown skyline over the Des Moines River with an incredible view of the golden dome of the State Capital.

Deal Info

  • Purchase Price: $18,250,000
  • CapEx: $1,500,500 
  • Current Occupancy: 96%
  • Units: 127
  • Commercial Space: + 6,390sf of commercial/retail space (2,250 sf of which will be converted to 3 apartments)
  • Current Average Rents:  $1.69/sf
  • Projected Average Rents: $1.92/sf
  • Targeted Hold Period: 7 Years
Estrella Apartments
Summit on Ross

Business Plan

Lyon is a beautiful property, in a stellar location. All units have been upgraded to Class A finishes in 2016, with 24 additional units built in 2018. Therefore, the focus will be on improving operations by adding onsight management, improving the resident amenities, and adding 3 units by converting existing retail. 

Upgrades & Upside Includes

  • Modern paint on exterior, including modern painted murals. 
  • Upgrade entryway interior & exterior 
  • Adding 2nd Floor Hot tub & city overlook hangout area for residents.
  • Add 3 Units by converting 2,250 sf of vacant retail into three 700sft 2bd/1ba apartments 
  • Upgrade Gym & Fitness Area Amenities
  • Plus opportunity to add up to 7 new units (excluded from proforma) 

Planned renovations are expected to increase in-place rents by a blended average of $138, or 13.5% higher than current in-place rents.

A Great Place to Live

Dallas Fort Worth Airport

High Growth

45% Population Growth Since 2000

 

Auburn University Aerial

Excellent Market Fundamentals

97% 3-Year Projected Average Occupancy

Dallas Downtown

Access to Top Employer

Renowned DSM Insurance, Finance, and Healthcare Employers

 

Auburn University Aerial

1:1 Absorption

118% 3-year Projected Absorption

Dallas Fort Worth Airport

Limited Future Supply

1 Project Under Construction in a 5-mile Radius

 

Dallas Downtown

Desirable Market

#13 Best Place to Live

 

THE LYON

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Don’t wait too long, this sponsor’s previous deals were
oversubscribed within days after the webinar launched!

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This deal is open to Non Accredited Investors for a Limited Time Only before the deal opens to the public.

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