OVERVIEW Creekside Townhomes. Located in Marshalltown, Iowa, and constructed between 2025 and 2026, the Creekside Townhomes include 24 units across 7 buildings with units that feature three bedrooms and 2.5-bathroom layouts. Each unit is a two-story with 1,500 SF of rentable area, and includes a 1-car garage, patios, and full kitchenettes. The units feature polished concrete and LVP flooring, with stainless steel appliances, in-unit washer/dryer, and electric fireplaces. The units are nestled along a cul-de-sac and feature golf course views of Legion Memorial Park with nearby amenities that include but are not limited to the Marshalltown sports complex, Hyvee, YMCA, Jimmy John’s, UnityPoint, and more!

INVESTOR OPPORTUNITY The portfolio represents an elite, heavily de-risked acquisition opportunity within a supply-constrained Central Iowa market. The asset’s replacement costs were heavily insulated by $790,000 in state Workforce Housing Tax Credits, which have already been fully monetized by ownership to offset capital equity requirements. This allows incoming buyers to acquire a pristine, premium asset at a highly competitive valuation basis. Furthermore, the property boasts an active, unencumbered 3-Year 100% or a 5-Year sliding scale Municipal Tax Abatement through the City of Marshalltown, which reduces the tax burden for non-school tax levies over a 3 to 5 year period.