Foss Fields
About
Foss Fields is a 300-acre master development situated at the nexus of Sioux Fallsʼ next major commercial development. The master development will include residential, senior housing, multifamily, office park, retail, healthcare, and other components. The holistic approach will provide an anchor for residents looking for a true live-work-play experience. Foss Fields Ascent multifamily project is targeted for 500 units composed of studios, 1 bed-, 2 bed-, and 3 bed- floor plans. Each Foss Fields phase is expected to begin six months apart allowing for robust and programmatic allocation of capital. Each building in the project is targeted at 24 units across all phases. The wellness design with no-frills reduces construction costs and the phased approach allows significant operating efficienci…
Highlights
- ✓1.77 - 2.09x Equity Multiple
- ✓20+ Completed Exits
- ✓20+ Years of Development Experience
- ✓$500M+ in Transactions
- ✓50-60% Bonus Depreciation
- ✓45L Tax Credit
Investment Return Calculator
Sponsor
Mailbox Money is a vertically integrated multifamily investment and development firm on a mission to solve the affordable housing crisis—without cutting corners or relying on government subsidies. We specialize in creating financially and environmentally sustainable workforce housing in safe, well-located neighborhoods. Founded by industry veterans with decades of combined experience, our team has developed and acquired over 3,000 units and manages a $500M+ real estate portfolio across high-growth secondary and tertiary markets. We’ve built a reputation for blending architectural innovation with disciplined underwriting—delivering high-performing assets that benefit both investors and residents. What sets us apart: we co-invest in every deal, reject bloated institutional inefficiencies, an…
View ProfileThe Market
Sioux Falls, SD
Common Questions
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