Tracked Assets: 67 · Total FHA Debt: $780,945,048 · Annual Section 8 Mark-Up-To-Market Upside: +$726,663/yr
| Property / FHA # | Original FHA Loan | 10-Yr Step-Down Status | Sec 8 Rent-to-FMR Upside | TRACS Management Agent |
|---|---|---|---|---|
| OAKRIDGE NEIGHBORHOOD (DMACC) Des Moines, IA · FHA #TRACS-800005259 | $12,750,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 76.4% FMR (+$211,248/yr) | Homes of Oakridge Human Services ppalmer@oakridgeneighborhood.org |
| OAKRIDGE NEIGHBORHOOD (HOMES OF OAKRIDGE) Des Moines, IA · FHA #TRACS-800005329 | $12,750,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 76.3% FMR (+$222,966/yr) | Homes of Oakridge Human Services ddejear@oakridgeneighborhood.org |
| INGERSOLL SQUARE LOFTS Des Moines, IA · FHA #074-11099 | $18,720,000 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | Optimum Real Estate Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| GORDAN VAN TINE LOFTS Davenport, IA · FHA #074-35297 | $17,067,800 | 1% NEAR-PAR STEP-DOWN WINDOW | 0.0% FMR (+$0/yr) | Yash Management locked-tracs-contact@••••.com (Pro Unlock) |
| VILLAGE COOPERATIVE OF CEDAR RAPIDS Cedar Rapids, IA · FHA #074-23009 | $10,350,000 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | Anderson Asset Property Group, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| THE FOUNTAINS APARTMENTS West Des Moines, IA · FHA #074-35281 | $10,230,700 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | CSM Corporation, Inc locked-tracs-contact@••••.com (Pro Unlock) |
| LIFT AT JORDAN CREEK West Des Moines, IA · FHA #074-35300 | $17,865,900 | 2% NEAR-PAR STEP-DOWN WINDOW | 0.0% FMR (+$0/yr) | Garrett Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| HAWTHORNE HILLS APARTMENTS Cedar Rapids, IA · FHA #TRACS-800005315 | $17,340,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 92.6% FMR (+$53,304/yr) | COHEN-ESREY REAL EST SERV INC locked-tracs-contact@••••.com (Pro Unlock) |
| GENEVA TOWER Cedar Rapids, IA · FHA #TRACS-800005295 | $15,555,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 109.1% FMR (+$0/yr) | COHEN-ESREY REAL EST SERV INC locked-tracs-contact@••••.com (Pro Unlock) |
| RIVER HILLS APARTMENTS #2 Des Moines, IA · FHA #TRACS-800005437 | $14,535,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 74.3% FMR (+$139,438/yr) | Darwin T Lynner Company Incorporated locked-tracs-contact@••••.com (Pro Unlock) |
| STONE GARDENS Burlington, IA · FHA #TRACS-800005304 | $11,390,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 97.6% FMR (+$13,555/yr) | Newbury Management Company locked-tracs-contact@••••.com (Pro Unlock) |
| MORNING HILLS AND SOUTHVIEW APTS Sioux City, IA · FHA #TRACS-800005382 | $10,880,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 176.4% FMR (+$0/yr) | Beacon Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| SPRINGS AT BETTENDORF Bettendorf, IA · FHA #074-11234 | $46,608,400 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | Continental Properties Company Inc locked-tracs-contact@••••.com (Pro Unlock) |
| 1435 Mulberry Apartments Des Moines, IA · FHA #074-35309 | $44,491,700 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | Asset Living Midwest LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Aster Village II Tiffin, IA · FHA #074-11231 | $20,585,100 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | Silver Token Realty LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Spruce Hills Village and Spring Village Bettendorf, IA · FHA #074-11235 | $16,039,500 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | Cardinal Capital Management Inc locked-tracs-contact@••••.com (Pro Unlock) |
| Sunrise Pointe Storm Lake, IA · FHA #074-11228 | $15,895,000 | HIGH-RATE VINTAGE (2024) IRR RESET | 0.0% FMR (+$0/yr) | Kading Property Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Yellowbanks by Kading Pleasant Hill, IA · FHA #074-11219 | $15,319,900 | HIGH-RATE VINTAGE (2023) IRR RESET | 0.0% FMR (+$0/yr) | Kading Property Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| PLEASANT VALLEY TOWNHOMES Bettendorf, IA · FHA #074-11193 | $14,464,000 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | Pleasant Valley Townhomes LLC locked-tracs-contact@••••.com (Pro Unlock) |
| DISTRICT 29 APARTMENTS & TOWNHOMES Fort Dodge, IA · FHA #074-11212 | $12,921,900 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | JD Property Solutions Inc DBA Real Property Management Express locked-tracs-contact@••••.com (Pro Unlock) |
| TANGLEFOOT CROSSING Bettendorf, IA · FHA #074-11214 | $12,264,100 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | Dolan Homes LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Twin Oaks Apartments Cedar Falls, IA · FHA #074-11229 | $12,147,300 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | DK Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Fountains Assisted Living Bettendorf, IA · FHA #074-22020 | $7,360,000 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | Dial Senior Management Inc locked-tracs-contact@••••.com (Pro Unlock) |
| Woodlands Creek Clive, IA · FHA #074-22053 | $7,355,448 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | Dial Senior Management Inc locked-tracs-contact@••••.com (Pro Unlock) |
| Legacy Pointe Iowa City, IA · FHA #074-22055 | $7,167,900 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | Dial Senior Management Inc locked-tracs-contact@••••.com (Pro Unlock) |
| BENNETT GRAND WOODS APARTMENTS West Des Moines, IA · FHA #074-11088 | $7,040,000 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | Premier Real Estate Services, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Fox Run Council Bluffs, IA · FHA #074-22048 | $6,668,500 | 0% PAR REFI UNLOCKED | 0.0% FMR (+$0/yr) | Heritage Management Services Inc locked-tracs-contact@••••.com (Pro Unlock) |
| KEOKUK STREET APARTMENTS Iowa City, IA · FHA #074-11109 | $5,840,000 | 1% NEAR-PAR STEP-DOWN WINDOW | 0.0% FMR (+$0/yr) | SG Property Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| VILLAGE COOPERATIVE OF CLINTON Clinton, IA · FHA #074-23022 | $5,695,000 | 2% NEAR-PAR STEP-DOWN WINDOW | 0.0% FMR (+$0/yr) | Anderson Asset Property Group, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| WAKONDA MANOR Des Moines, IA · FHA #TRACS-800005515 | $9,350,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 0.0% FMR (+$0/yr) | Optimum Real Estate Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| STONE CREST Des Moines, IA · FHA #074-11171 | $4,064,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 94.3% FMR (+$31,376/yr) | Christian Church Homes of Iowa, Inc. locked-tracs-contact@••••.com (Pro Unlock) |
| HILLSIDE PARK ~ SIOUX CITY Sioux City, IA · FHA #TRACS-800005517 | $8,670,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 106.9% FMR (+$0/yr) | Omega Management Group locked-tracs-contact@••••.com (Pro Unlock) |
| Aster Village I Tiffin, IA · FHA #074-11223 | $9,360,000 | HIGH-RATE VINTAGE (2025) IRR RESET | 0.0% FMR (+$0/yr) | Silver Token Realty LLC locked-tracs-contact@••••.com (Pro Unlock) |
| PRAIRIE GARDENS Cedar Rapids, IA · FHA #074-11213 | $8,818,000 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | Ebenezer Management Services, Inc locked-tracs-contact@••••.com (Pro Unlock) |
| THE RESIDENCES AT 4000 INGERSOLL Des Moines, IA · FHA #074-11197 | $6,708,000 | HIGH-RATE VINTAGE (2022) IRR RESET | 0.0% FMR (+$0/yr) | Newbury Management Company locked-tracs-contact@••••.com (Pro Unlock) |
| ST. MARYS APARTMENTS Dubuque, IA · FHA #074-11233 | $6,311,300 | HIGH-RATE VINTAGE (2025) IRR RESET | 127.9% FMR (+$0/yr) | Cardinal Capital Management Inc locked-tracs-contact@••••.com (Pro Unlock) |
| Iowa Mutual Building De Witt, IA · FHA #074-35306 | $6,062,700 | HIGH-RATE VINTAGE (2024) IRR RESET | 0.0% FMR (+$0/yr) | Ruhl & Ruhl Real Estate, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| CENTURY II / WEST PARK APTS Sioux City, IA · FHA #074-11156 | $3,665,200 | LOCKOUT STEP-DOWN (4% PENALTY) | 122.3% FMR (+$0/yr) | Beacon Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| MAPLE PARK APARTMENTS Algona, IA · FHA #074-11237 | $2,640,000 | HIGH-RATE VINTAGE (2025) IRR RESET | 156.3% FMR (+$0/yr) | BW Real Estate LLC locked-tracs-contact@••••.com (Pro Unlock) |
| West Village Ames, IA · FHA #074-11184 | $18,700,700 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | JPM Inc locked-tracs-contact@••••.com (Pro Unlock) |
| EQUITABLE LOFTS Des Moines, IA · FHA #074-35301 | $17,998,000 | LOCKOUT STEP-DOWN (4% PENALTY) | 0.0% FMR (+$0/yr) | Block Multifamily Group LLC locked-tracs-contact@••••.com (Pro Unlock) |
| FOUNTAIN VIEW APARTMENTS Ames, IA · FHA #074-11180 | $14,619,600 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | JPM Inc locked-tracs-contact@••••.com (Pro Unlock) |
| Buffalo Ridge Townhomes Cedar Rapids, IA · FHA #074-11238 | $14,100,000 | LOCKOUT STEP-DOWN (10% PENALTY) | 0.0% FMR (+$0/yr) | Q4 Real Estate LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Sunset Park Place Dubuque, IA · FHA #074-22075 | $12,240,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Jaybird Senior Living, Inc. locked-tracs-contact@••••.com (Pro Unlock) |
| PRESTWICK APARTMENTS Sioux City, IA · FHA #074-11151 | $11,095,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Midstates Development, Inc. locked-tracs-contact@••••.com (Pro Unlock) |
| CANDLEWICK APARTMENTS Sioux City, IA · FHA #074-11149 | $10,868,400 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Midstates Development, Inc. locked-tracs-contact@••••.com (Pro Unlock) |
| VILLAGE COOPERATIVE OF CROW CREEK Davenport, IA · FHA #074-23032 | $10,725,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Ebenezer Management Services, Inc locked-tracs-contact@••••.com (Pro Unlock) |
| TWIN EAGLES EAST Adel, IA · FHA #074-11166 | $10,400,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Kading Property Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| The Willows of Marshalltown Marshalltown, IA · FHA #074-43094 | $10,275,000 | LOCKOUT STEP-DOWN (6% PENALTY) | 0.0% FMR (+$0/yr) | Willows Life LLC locked-tracs-contact@••••.com (Pro Unlock) |
| RIVERVIEW PLACE APARTMENTS Cedar Rapids, IA · FHA #074-11127 | $10,237,800 | LOCKOUT STEP-DOWN (3% PENALTY) | 0.0% FMR (+$0/yr) | High Property Management, L.C. locked-tracs-contact@••••.com (Pro Unlock) |
| PHEASANT RIDGE APARTMENTS Iowa City, IA · FHA #TRACS-800005412 | $21,080,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 111.1% FMR (+$0/yr) | Dominium Management Services LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Windsor Grove Davenport, IA · FHA #074-11239 | $5,120,000 | LOCKOUT STEP-DOWN (10% PENALTY) | 0.0% FMR (+$0/yr) | Lamp Rd, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| BETTENDORF REGENCY APARTMENTS Riverdale, IA · FHA #074-11176 | $9,932,400 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | DP Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| LIGUTTI TOWER Des Moines, IA · FHA #074-35304 | $9,333,800 | LOCKOUT STEP-DOWN (5% PENALTY) | 112.8% FMR (+$0/yr) | Newbury Management Company locked-tracs-contact@••••.com (Pro Unlock) |
| PRAIRIE CREEK Pleasant Hill, IA · FHA #074-11167 | $9,120,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Kading Property Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| ASHFORD APARTMENTS Davenport, IA · FHA #074-11164 | $8,818,800 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Elevate Property Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| Eby Bickford of Davenport Davenport, IA · FHA #074-22073 | $8,240,000 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Bickford Senior Living Group LLC locked-tracs-contact@••••.com (Pro Unlock) |
| VILLAGE COOPERATIVE OF AMES Ames, IA · FHA #074-23028 | $7,810,700 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Real Estate Equities Mgmt Co. locked-tracs-contact@••••.com (Pro Unlock) |
| VINTAGE PARK COOPERATIVE OF BEAVERDALE Des Moines, IA · FHA #074-23031 | $7,729,700 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Ebenezer Management Services, Inc locked-tracs-contact@••••.com (Pro Unlock) |
| UNION ARCADE Davenport, IA · FHA #074-35303 | $7,020,700 | LOCKOUT STEP-DOWN (4% PENALTY) | 0.0% FMR (+$0/yr) | Financial District Properties Management, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| VILLAGE COOPERATIVE OF CEDAR FALLS Cedar Falls, IA · FHA #074-23027 | $6,650,600 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Anderson Asset Property Group, LLC locked-tracs-contact@••••.com (Pro Unlock) |
| ELSIE MASON MANOR Des Moines, IA · FHA #074-11177 | $6,148,600 | LOCKOUT STEP-DOWN (5% PENALTY) | 98.3% FMR (+$11,556/yr) | Newbury Management Company locked-tracs-contact@••••.com (Pro Unlock) |
| INGERSOLL SQUARE PHASE III Des Moines, IA · FHA #074-11120 | $5,993,700 | LOCKOUT STEP-DOWN (3% PENALTY) | 0.0% FMR (+$0/yr) | Optimum Real Estate Management LLC locked-tracs-contact@••••.com (Pro Unlock) |
| TOWNHOMES AT NORTHWEST POINTE Davenport, IA · FHA #074-11178 | $5,689,200 | LOCKOUT STEP-DOWN (5% PENALTY) | 0.0% FMR (+$0/yr) | Dolan Homes LLC locked-tracs-contact@••••.com (Pro Unlock) |
| FAIRMOUNT PINES Davenport, IA · FHA #TRACS-800005330 | $9,520,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 95.3% FMR (+$20,948/yr) | Newbury Management Company locked-tracs-contact@••••.com (Pro Unlock) |
| KEYSTONE AND STONEHAVEN APARTMENTS Ames, IA · FHA #TRACS-800005342 | $9,350,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 103.9% FMR (+$0/yr) | Newbury Management Company locked-tracs-contact@••••.com (Pro Unlock) |
| EMEIS PARK APARTMENTS Davenport, IA · FHA #TRACS-800005275 | $9,180,000 | 0% HUD LOCKOUT (UNINSURED SEC 8 · 223f TAKEOUT) | 92.3% FMR (+$22,271/yr) | Darwin T Lynner Company Incorporated locked-tracs-contact@••••.com (Pro Unlock) |