Essex Acquires 55+ Active Living Community Outside Des Moines
Des Moines, IA, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Essex Communities, a leading developer, builder, and property management company for 55+ active living communities, announced today the acquisition of The Reserve on Walnut Creek in Urbandale, Iowa.
- Des Moines, IA, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Essex Communities, a leading developer, builder, and property management company for 55+ active living communities, announced today the acquisition of The Reserve on Walnut Creek in Urbandale, Iowa.
- The 121-unit independent living community is being converted by Essex from an entrance-fee model community to a rental modelcommunity and is Essexs sixth acquisition and conversion like this over the past three years.
- The community will be rebranded as The Arbordale and will soon undergo a multimillion-dollar renovation that will update apartments and community spaces as well as expand services and amenities.
- Were excited to return to the greater Des Moines market to transition The Arbordale to a high-quality and vibrant rental community, offering a broad spectrum of engagement opportunities with the comforts of home, said Frankie J. Pane, executive vice president of Essex Communities.