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Real Estate Trail
Institutional Press Wire
REBusiness Online

Annex Group Completes $62.9M Affordable Housing Development in Des Moines

Via REBusiness Online · October 13, 2026
Compiled by Real Estate Trail Editorial · October 13, 2026

Why this matters

Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.

Editorial analysis · Real Estate Trail Editorial

Excerpt from REBusiness Online:
DES MOINES, IOWA — The Annex Group has completed Union at Rivers Edge, an affordable housing community in Des Moines with 216 units. The one-, two- and three-bedroom units are reserved for households earning at or bel…
Read the full article at REBusiness Online →

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