Hubbell Realty Company is a regional leader in real estate development benefitting from vertically integrated development, construction, property and asset management capabilities. Our firm is based in Des Moines, IA with active operations throughout the Midwest. Since our founding in 1856, we strive to provide innovative real estate solutions for the benefit of our investors.
Hubbell Realty Company’s mission is to deliver quality investment performance supported by best-in-class investor care. We continue to invest in technology and service standard benchmarks to deliver the investor care you deserve.
We primarily focus on multifamily, industrial and senior living property types.
La Vista, NE | New Multifamily | $56.0M Total Project Cost | $14.3M Equity
Sagebrook is a 264-unit, Class A multifamily rental project in La Vista, Nebraska, a rapidly growing, dense suburban community southwest of Omaha. The 15.76-acre site is conveniently located just north of Giles Road – one of the main thoroughfares in the western suburbs – and less than a 20-minute drive from downtown Omaha. Access to a premium school district and the City’s new $250M City Centre development are driving rent growth and attractive occupancy levels, creating ideal rental demand in this submarket. The project is an excellent opportunity to deliver a proven multifamily product to the Omaha market.
10 Year Targeted Returns:*
IRR: 17 - 20%
Cash on Cash: 9 - 10%
Equity Multiple: 3.5 - 4.15 x
Sarpy County, NE | New Industrial Warehouse | $24.9M Total Project Cost | $6.2M Equity
Infinity Industrial Center Building I is a 260,000 SF, Class A industrial building located within the rapidly growing Sarpy West submarket of Omaha, Nebraska. The building is the first of a planned 10-building, 156-acre industrial park and offers features required by today’s industrial and distribution, including 32’ clear heights, ESFR sprinklers, and 2500 amp electrical (480V – 3 Phase). Quick and convenient access to I-80 makes this location particularly enticing to distribution and logistics tenants. In addition, Infinity Industrial is located in the same submarket as large data center operators such as Google and Facebook.
10 Year Targeted Returns:*
IRR: 17 - 20%
Cash on Cash: 9 - 11%
Equity Multiple: 2.5 - 3.0 x
Des Moines, IA | New Multifamily | $27.5M Total Project Cost | $7.0M Equity
Telus at Gray’s Station is a 135-unit, Class A multifamily project located in Hubbell Realty Company’s Gray’s Station Urban neighborhood in downtown Des Moines. This revitalized master planned development is strategically positioned between Gray’s Lake Park and Des Moines’ central business district, Telus provides convenient and walkable accessibility to employment centers, trails, and restaurants. Major economic development is proposed in the neighborhood – headlined by a $95-million, 6,500-seat multi-use outdoor stadium and global plaza.
10 Year Targeted Returns:*
IRR: 14 - 17%
Cash on Cash: 8 - 10%
Equity Multiple: 2.5 - 3.0 x
Norwalk, IA | New Multifamily | $27.6M Total Project Cost | $6.9M Equity
Holland Pointe is a 130-unit multifamily project in Norwalk, a rapidly growing suburban market in the Des Moines metro. Norwalk has experienced population and commercial growth, headlined by Norwalk Central, the $300M mixed-use development containing sports fields, retail and public amenities that is currently under construction. The recent growth has increased the need for a variety of housing in the area. Utilizing a proven product design used in other suburban markets, Holland Pointe will be able to accommodate a range of renters by providing a mix of apartments, townhomes, and amenities.
10 Year Targeted Returns:*
IRR: 15 - 18%
Cash on Cash: 8 - 10%
Equity Multiple: 2.0 - 2.5 x
Bennington, NE | New Multifamily | $27.5M Total Project Cost | $6.9M Equity
Anchor Pointe is a 110-unit, Class A multifamily rental project in Bennington, Nebraska, a rapidly growing suburban community northwest of Omaha with a premium school district. The 8.94-acre site is strategically positioned in a walkable location to the Anchor Pointe Elementary School and Flanagan Lake Park. The project is an excellent opportunity to deliver a proven product to the Omaha market with a rental community combining apartments, townhomes, and a full suite of amenities.
10 Year Targeted Returns:*
IRR: 15 - 18%
Cash on Cash: 8 - 10%
Equity Multiple: 2.5 - 3.0 x
Ankeny, IA | New Industrial Warehouse | $12.1M Total Project Cost | $3.0M Equity
Four Mile Industrial Park Building IV is a Class A, 115,000 SF warehouse distribution facility in growing Ankeny, Iowa. Multiple building and site concepts have been designed, allowing the site and building including outside product storage to be tailored to a specific user. The industrial/distribution building offers market-leading features and prime proximity to I-35 and I-80, providing distribution and logistics tenants quick and convenient access to both coast-to-coast and border-to-border drivers. Neighboring occupants include Amazon, Kreg Tool, Old Dominion, John Deere, XPO and Mom’s Meals.
10 Year Targeted Returns:*
IRR: 15 - 18%
Cash on Cash: 8 - 10%
Equity Multiple: 2.5 - 3.0 x
