Tallgrass Village & Windcrest Village Listing Details & Market Data

THE PREMIER ASSETS IN AFFLUENT IOWA MARKETS

Colliers is pleased to present Tallgrass Village and Windcrest Village, two best-in-class assets located in affluent Iowa markets. Boasting excellent construction quality, first-class finishes, and upscale amenities, both properties attract a high-income demographic and are positioned at the top of the competitive set. With no new supply coming online within 50 miles over the next 36 months, new ownership will acquire two assets achieving positive organic rent growth, stable occupancy, and provide significant room to grow top-line revenue for years to come.

TALLGRASS VILLAGE
THE OZARKS OF IOWA | THE #1 DESTINATION FOR LAKE ENTERTAINMENT IN IOWA
Positioned two minutes from Lake Okoboji, nicknamed the Ozarks of Iowa by the Des Moines Register, Tallgrass Village is the premier Class A asset in Spirit Lake, IA. Built in 2017 over two phases, all 128 units feature hardwood-style floors, modern cabinets, and black appliances along with community amenities that include an upscale resident clubhouse with entertainment kitchen and pool table, a playground, and garage parking. Tallgrass Village is currently positioned at the top of the market and is achieving the highest average rents of any community within 30 miles.

WINDCREST VILLAGE
TOP OF THE COMPETITIVE SET WITH NO INCOMING NEW SUPPLY
The only Class A community within 25 miles, Windcrest Village stands out to high-income renters with hardwood-style floors, modern cabinets, and black appliances in combination with a comprehensive amenity package including a resident clubhouse, fitness center, and garage parking. Built in two phases in 2017, Windcrest Village has a proven track record of positive leasing trends and stable occupancy highlighted by 5.4% new lease organic rent growth over the last 9 months.

Tallgrass Village: 98% Occupied | Windcrest Village: 94% Occupied (As of 12/01/2023)