Des Moines Portfolio

TFG sourced four senior housing communities totaling over 400 units in the Greater Des Moines area in 2012.  Company representatives negotiated the purchase of two of the communities and options on the other two that were in lease up at that time.  TFG negotiated a lease with HealthCare REIT for the two purchased properties, Legacy Pointe in Waukee and Vriendscap Village in Pella.  Upon closing, in addition to its option to purchase Watermark took over management of the two communities in lease up, Vintage Hills in Indianola and Vintage Hills in Ankeny.  Today, these communities have achieved an overall occupancy of about 85%.