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Business Record: Hubbell Apartment Living to manage 507-unit portfolio

A New York investment firm has purchased an Iowa multi-housing portfolio that includes six Des Moines-area apartment complexes, paying $56.75 million for the properties.

JLL Capital Markets, which represented seller BBK Apartments, described the sale as the “largest single apartment trade in the state of Iowa.”

Hubbell Apartment Living, a division of Hubbell Realty Co., has been hired to manage the complexes. "We're thrilled to partner with [Spruce]," a spokeswoman said.

Read the full story here.

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