Percipio Partners Announces Regional Expansion with Acquisition of 72-Unit Sioux City Property

January 8, 2024


[SIOUX CITY, IA, Jan. 8, 2024] – Percipio Partners, a premier multi-family real estate investment firm based out of Omaha, NE, is excited to announce its latest acquisition to Harvest Development V, LLC, and its first in the state of Iowa. This move signifies Percipio’s continued commitment to growth and excellence in multi-family real estate investment and property management services through its related company, Harvest Development (HD). Percipio Partners’ ability to grow its assets under management results from continued support from its investment partners and strong relationships with other key parties. Harvest Development V, LLC remains open for investment.

About the Acquired Property

Built in 1993, the newly acquired property consists of 72 units, featuring a mix of 2 and 3-bedroom units. Situated in the bustling Morningside area, the property offers residents immediate access to local amenities such as Morningside College, Lakeport Commons, and numerous major retailers.

In line with Percipio’s commitment to high-quality living, the units will undergo significant renovations, including but not limited to the following:

  • Stainless steel appliances.
  • Plank flooring.
  • Updated countertops.
  • Modernized fixtures and hardware.
  • Enhancements for community well-being.

Percipio is also committed to fostering community spirit and has planned several amenities for the property, including:

  • Secured entry.
  • Additional storage facilities.
  • A dog run for pet owners.
  • A family-friendly playground.
  • A communal area for social events and gatherings.

Percipio’s Vision in Sioux City

This expansion marks a new chapter for Percipio, bringing its expertise and resident-centric approach to living to the Sioux City market. “With our continued desire to provide quality housing in smaller markets within a close reach of Omaha, Sioux City is a natural fit and marks the achievement of a multi-year goal of entering this market.” said Doug Anderson, Vice President of Asset Management for Percipio. “Enhancing the communities we own and manage falls directly in line with Sioux City’s continued vision of a vibrant and growing community.”

About Percipio Partners

Established in 2008 in Omaha, Nebraska, Percipio Partners is a multi-dimensional private equity firm specializing in multi-family real estate and venture capital operating investments. Today, their real estate group has over 1,000 units under management in eastern Nebraska and western Iowa with a valuation in excess of $100 million. Percipio provides property management services to its apartment communities through its subsidiary, Harvest Development (HD). HD is committed to community improvement and delivering superior living experiences, with a hands-on approach to managing and meticulously renovating properties.

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Contact Information

For media inquiries or more details about HD and its latest property in Sioux City, please contact:

Megan Heimes
Director of Corporate Communications
[email protected]

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