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Hubbell Property Management announces 100 percent occupancy for Melbourne Apartments

West Des Moines (November 23, 2010) – Hubbell Property Management, a division of Hubbell Realty Company, announces that Melbourne Apartments has reached 100 percent occupancy four months before anticipated lease-up projections. The newly constructed three building, 84-unit development in Des Moines, is located at 5515 SE 14th Street. The planned development serves people who qualify for residency at restricted income levels without any reduction in lavish community perks including a family-friendly, child-safe splash pad with water jets and a park. Additionally, Melbourne Apartments has a fitness and business center and clubhouse facilities. The development consists of 24 one-bedroom, 48 two-bedroom and 12 three-bedroom apartments. “Hubbell Property Management is proud to be associated with this high quality affordable housing development," said Krista Capp, vice president of Hubbell Property Management. “Melbourne Apartments represents our ongoing efforts to provide innovative and sound financial housing solutions to the greater Des Moines community” added Capp. ### About Hubbell Property Management One of the largest regional commercial property management firms in Central Iowa – provides comprehensive real estate services to individual owners, developers and investors of real estate. Management of more than 5 million-square-feet of office, industrial, retail, medical and commercial associations, Hubbell Property Management is an Accredited Management Organization as designated by the Institute of Real Estate Management. About Hubbell Realty Company Hubbell Realty Company is a leading commercial and residential developer and commercial property management firm. Headquartered in West Des Moines, Iowa, Hubbell Realty Company has 33 residential communities and 12 business parks. Always breaking new ground, Hubbell Realty Company has been a catalyst for growth in Greater Des Moines and can trace it presence in Iowa back to 1856.

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