Greysteel Arranges $38M Sale of Polo Club Apartments in West Des Moines
Greysteel has announced the successful sale of Polo Club Apartments, a multifamily property located at 6201 EP True Parkway in West Des Moines, Iowa. The sale was completed for $38 million, with the buyer planning a full renovation of the property.
The transaction was facilitated by BJ Connolly, Zach Schneider, and Ryan Carter of Greysteel, who exclusively represented the seller, Polo Club, LLC / Premier Companies. The buyer was self-represented.
Originally constructed in 1998, Polo Club Apartments comprises 277 two-bedroom units, each featuring high ceilings, cozy fireplaces, and abundant closet space—amenities that continue to attract strong interest from both renters and investors.
Commenting on the transaction, BJ Connolly, Managing Director at Greysteel, said, “As the capital markets continue to evolve, we continue to see strong investor interest for multifamily properties like Polo Club Apartments. Investors are increasingly recognizing the upside potential in suburban secondary markets across the Midwest and the country, signaling continued confidence in targeted growth opportunities.”
