For Immediate Release
December 9, 2025 – Des Moines, IA – Greysteel, a leading commercial real estate investment sales, debt and structured finance advisory firm, announced today the sale of Fountain Terrace, a 272-unit multifamily community located at 2727 Grand Avenue in Des Moines, Iowa. The transaction attracted multiple competitive offers and underscores continued investor demand for quality multifamily assets in strong Midwest markets.
Greysteel advisors BJ Connolly and Zach Schneider exclusively represented the seller in the transaction, securing a buyer via a highly competitive bidding process. The property’s strong location and value-add potential drew significant interest from institutional and private capital sources.
“Fountain Terrace continues to demonstrate the strength of the Des Moines multifamily market, which remains a top destination for investors seeking stable cash flow and long-term growth,” said BJ Connolly, Managing Director at Greysteel. “The competitive nature of the sale process reflects the confidence investors have in this region’s fundamentals.”
Fountain Terrace offers a diverse mix of floor plans and community amenities that appeal to a wide range of residents. Located near major employment centers, shopping, dining, and transportation corridors, the property benefits from easy access to key regional amenities and services.
About Greysteel
Greysteel is a premier commercial real estate investment sales, debt and structured finance advisory firm. Serving private and institutional investors across geographies and asset types, Greysteel provides a full spectrum of services, including investment sales, debt placement, equity placement, and distressed asset solutions. Founded on the principles of innovation, collaboration, and excellence, Greysteel is strategically positioned across the nation to deliver exceptional results through a seamless and comprehensive advisory platform. For more information, visit www.greysteel.com.
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