Des Moines Multifamily Property Managed by NAS
NAS has assumed asset management and property management oversight of Broadway Apartments, a three story, 120-unit multifamily property complex in Des Moines, IA.
The property was recently acquired by NAS Investment Solutions (NASIS), a national property investment sponsor known for high quality passive property investments with reliable yield performance.
Built in 2015, the Broadway Apartments property features an average home size of 875 square-feet and is located approximately nine miles northeast from the heart of downtown Des Moines on a 7.83-acre site. Community amenities include an updated clubhouse, fitness center, playground, dog park, theater room and on-site management. There are additional garage spaces available for rent.
“We are excited to be part of the growing Des Moines multifamily landscape and look forward to serving our investment clients as well as providing a quality living experience for Broadway residents,” commented Karen E. Kennedy, President and Founder of NAS Investment Solutions and National Asset Services. “With significant investments from major tech industry companies, economic diversification and a lower cost of living, Des Moines is on a solid path to more growth and development.”
Located near restaurant and shopping venues, Broadway Apartments offers residents a variety of entertainment options right outside their doorstep. Adventureland Amusement Park, Prairie Meadows Racetrack & Casino, and Outlets of Des Moines are within two miles of the property. With proximity to I-80 and Hwy 6, there is easy access to major employers and downtown Des Moines.
Since 2008, NAS has served 2,594 investment clients and has established an impressive track record for investment property management. The history includes generating over $650 million in cash distributions to property investors and managing a commercial real estate portfolio of 183 diverse commercial properties, comprised of 25 million square feet, in thirty-one states. The overall value of NAS’ managed portfolio in the company’s 13-year history, totals over $3.34 billion.
About NAS Investment Solutions (NASIS)
NAS Investment Solutions was created to leverage National Asset Services’ experience in investment property management by identifying, acquiring, and enhancing commercial real estate investments across all sectors of the real estate industry. The company is known nationwide for its investing sponsorship of high-quality passive DST investment properties with reliable yield performance.
The company’s website, nasinvestmentsolutions.com offers investment articles, comprehensive information, and a free guide on the 1031 exchange process and for investors seeking passive DST property investments.
