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RUMELY LOFTS <br />Des Moines, IowaProject Details <br />As a historic landmark in downtown Des Moines, this " Historic Rehabilitation <br />six-story structure was transformed into 66 affordable " 66 Affordable Units <br />" 5,345 Sq. Ft. Commercial <br />apartments and approximately 7,000 square feet of <br />" Project Value: $17.1 <br />retail space. The building boasts a large 1,500 SF <br />" Financing: Iowa Finance Authority Mortgage, <br />community room and is accompanied by a computer <br />State Historic Tax Credits, Federal Historic <br />learning center, a fitness center and an on-site leasing <br />Tax Credits, Federal Low Income Housing Tax <br />office on the main level. Bike storage and surface <br />Credits, Other Funding Sources <br />parking is also available at the site. <br />Role: Developer, General Partner, Property Manager <br />The units provide historic details coupled with <br />modern finishes. Original windows were restored <br />Completed: October, 2010 <br />and provide wonderful views of downtown and the <br />surrounding area. In addition to the historical details <br />of the apartments, residents enjoy unit upgrades that <br />include in-unit washer and dryers, dishwashers and <br />sink garbage disposal systems. <br />COMPANY PROFILE: Development Experience <br /> <br />