An aerial view of the proposed Reserves at South Lake housing development in Grinnell.
Overland Property Group is excited to announce that the Iowa Finance Authority has extended an award to The Reserves at South Lake that will make our proposed housing development in Grinnell a reality. Utilizing private financing alongside proceeds from the sale of housing tax credits to investors, this community will be maintained as affordable workforce housing for a minimum of 30 years.
Two, three-story residential buildings consisting of 48 units will include both affordable and market-rate apartments, these units will accompany a clubhouse and onsite leasing office.
Other onsite amenities for residents to enjoy include, but are not limited to, a library, fitness center, playground, and bike racks. In-unit amenities like energy star appliances including washing machines, dryers, knotty alder cabinets, LVP Hardwood flooring and ample storage, make the community a place its future residents will be proud to call home.
The Reserves at South Lake is intended to break ground in the fall of 2022 and will be ready to welcome residents in late 2023.
“Overland Property Group is excited to be investing in and joining the City of Grinnell with the development of the Reserves at South Lake.” noted Matt Gillam, Managing Partner – Overland Property Group, LLC. “We look forward to getting this development moving forward and welcoming residents to the property in late 2023.”
The Reserves at South Lake will be Overland Property Group’s sixth development in Iowa, joining existing developments in Pella, Storm Lake, Washington and Oskaloosa.
Established in 2002, Overland Property Group is led by Managing Partners Matt Gillam and Pat Beatty. Together, they have overseen the development of 70-plus communities with cumulative investments of more than $750M. Ryan Zent, Vice President of Development, and Austin Kack, Development Associate, will be leading the development efforts on behalf of Overland Property Group.
The proposed Building A at the Reserves of South Lake in Grinnell. Overland Property Group, LLC of Kansas is planning to build the housing addition near the Grinnell Wal-Mart. The company also has housing developments in Pella, Storm Lake, Washington and Oskaloosa.