Two pioneering multifamily projects in the eastern part of Sioux Falls are gaining ground, backed by compelling interest and investment from local stakeholders. Spearheaded by the Sioux Falls-based Ernst Capital Group, the city sees a significant influx of new housing options tailored to meet diverse rental needs.


“We’re seeing an exceptional performance in our portfolio, especially highlighting some of the best winter leasing activities on record,” said Chris Daugaard, a partner in Ernst Capital Group. “This enthusiasm encourages us as we progress with these new projects.”


Willowbrook Village

The first project, Willowbrook Village, has already welcomed its initial residents. Situated northeast of Veterans and Arrowhead parkways, this build-to-rent community introduces 57 single-family homes managed by Lloyd Companies. Each residence boasts two- or three-bedroom configurations complete with attached garages. Residents have noted the quality finishes, comparing them to freshly constructed homes intended for sale rather than rentals.


This innovative approach to multifamily living focuses on striking a balance between affordability and quality, making it an appealing option without the overhead of luxury amenities. This move aligns well with the broadly thriving residential market within the area, further fortified by the strategic location chosen for development.


Willowbrook village image

Split Rock Village

Simultaneously, Split Rock Village, another development under Signature Fund VI, is progressing at 26th Street and Six Mile Road. It targets a mix of dwellings with upcoming leases for 100 units across studio, one-, two-, and three-bedroom apartments. The inclusive amenity package planned features a clubhouse, pool, and additional recreational facilities, aligning with the growing expectations of the modern tenant.


Split rock village image

Ernst Capital’s ventures reflect years of strategic investment and partnership, marking its 38th collaboration since 2007, with 16 specifically focused on projects like those seen with Signature Companies. Chris Daugaard notes the long-term potential of these locations, tying their development closely to the ever-increasing population and demand.


These developments signify more than just urban expansion; they offer local investors a chance to engage deeply with Sioux Falls’ growth story, emphasizing quality and evolving residential preferences. As Ernst Capital opens doors to new investment opportunities, there’s little doubt these projects will carve out a new definition for Sioux Falls’ multifamily housing landscape.


For further information or to get involved with Ernst Capital Group, visit their official website here.


For the full story, refer to the original article on SiouxFalls.Business.

More Articles

Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!

Earnings and Benefits of a Real Estate Career in Florida

In Florida, the earnings of a real estate agent can vary significantly based on numerous factors including experience, location, and the current state of the housing market. The potential earnings are quite broad, with average salaries ranging from $40,000 to $90,000 per year. However, top-performing agents in high-demand areas can earn well above this range, sometimes exceeding $100,000 annually.

By |October 11, 2024|Categories: Article, Career/Earnings, Real Estate|Tags: |0 Comments

What to Know Before Screening a Section 8 Tenant

Screening prospective tenants who utilize Section 8 vouchers in Florida requires a thorough understanding of both federal and local laws to ensure compliance and avoid potential legal issues.

By |October 11, 2024|Categories: Article, Legal Compliance, Real Estate|Tags: , |0 Comments

Cape Coral Grapples with Rising Housing Costs Post-Hurricane Ian

A study by First Street reveals Cape Coral has more properties at risk of flooding than any other city in Florida. Following Hurricane Ian, FEMA withdrew the city's flood insurance discount, blaming improper rebuilding practices.

By |October 11, 2024|Categories: Article, Natural Disasters, Real Estate|Tags: , |0 Comments

US Home Prices Set to Rise Amidst Rate Cuts

Goldman Sachs Research has projected a notable increase in US home prices, forecasting a 4.5% rise this year and a 4.4% increase in 2025, as the Federal Reserve is expected to implement interest rate cuts.

By |October 11, 2024|Categories: Article, Economics, Real Estate|Tags: , |0 Comments

Unmasking Myths: Screening Section 8 Tenants

In the realm of real estate, myths and misconceptions about Section 8 tenants often cloud the judgment of landlords. These stereotypes suggest that Section 8 tenants might damage property or fail to pay rent. However, these risks are inherent in renting to any tenant, not just those participating in the Section 8 program. The key to mitigating these risks lies in a robust and consistent screening process.

By |October 11, 2024|Categories: Article, Real Estate, Tenant Screening|Tags: |0 Comments