December 8, 2020 | JLL
NYC-based Spruce Properties buys Des-Moines-area portfolio for $56.75M, largest single apartment trade in the state of Iowa
JLL Capital Markets closed the $56.75 million sale, the 2nd largest multi-family purchase in the history of Iowa, and arranged $45.4 million in acquisition financing for Spruce Properties, the multi-family investment affiliate of Spruce Capital Partners.