Significant Investment Will Bring Affordable Luxury Living to Davenport

[Davenport, Iowa - June 28, 2024] - Becovic Holdings Corporation, a prominent real estate development and management company, has finalized the acquisition of Mississippi Lofts, a distinguished residential property located in the vibrant riverfront district of Davenport. The sale represents a significant transaction in the local real estate market, underscoring Becovic Holdings’ strategic expansion and commitment to delivering exceptional living spaces.

Mississippi Lofts, known for its contemporary design and scenic views of the Mississippi River, comprises 56 luxury apartment units and one commercial space. The property has been a cornerstone of upscale urban living since its inception in 1931, offering residents modern amenities and convenient access to downtown Davenport’s cultural and recreational attractions.

“We are delighted to announce the acquisition of Mississippi Lofts,” said Junaid Ali, Vice President of Acquisitions of Becovic Holdings. “This acquisition aligns perfectly with our mission to acquire and manage premier properties that enhance the quality of life for our residents.”

Becovic Holdings plans to invest significantly and leverage its property management and community development expertise to enhance the resident experience at Mississippi Lofts. The firm is committed to maintaining to property’s high standards and fostering a vibrant community atmosphere.

The firm recently purchased the 33 unit apartment building located on the corner of 5^th and 15^th in downtown Moline for $3.1 million. The building is anchored by Chase Bank. The company also owns The Waterfront Apartments and The Bend Apartments in East Moline.

Learn more about the Becovic Holdings Corporation and their nationwide properties on their website.