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DES MOINES, IOWA — ARTISAN Capital Group (ACG) and Eastham Capital have partnered to acquire Wakonda Village, a 382-unit community in Des Moines. The property is located on the city’s south side, adjacent to the Wakonda Country Club and one block from the Fleur Drive retail corridor. Amenities include a pool, fitness center and dog park.
The buyers plan to renovate the property with updates to apartment interiors, parking lots, sidewalks, landscaping and hallway paint and carpets. Pickleball courts and grill stations will also be added to the amenity package. West Bank provided financing for the investment. ARTISAN Management Group, a subsidiary of ACG, will oversee operations at the property.