Anchor Pointe
Bennington, NE • New Multifamily • $15.6M Total Project Cost • $3.9M Equity
Anchor Pointe is a 63-unit, Class A townhome rental project in Bennington, Nebraska, a rapidly growing suburban community in northwest Omaha. The project features a well-balanced unit mix of 2- and 3-bedroom townhomes at a wide range of price points and product offerings. This versatile dynamic will allow Anchor Pointe to attract prospective renters seeking anything from an entry-level 2-bedroom townhome up to one of the largest rentals in the area complete with a walkout basement. The 5.77-acre site is strategically positioned in a premium school district and a walkable distance from both the Anchor Pointe Elementary School and the 730-acre Flanagan Lake Park.
3 Year Target Returns:*
IRR: 22.06% (3-Year Hold Period) • Equity Multiple: 1.49x (with Sale Year 3)
Project Overview
Anchor Pointe
17020 Kimball Street
Bennington, NE 68007
Douglas County
Market-Rate, Multifamily
Wood Frame
63 Units
77,750 SF
1,234 SF
5.77 Acres
1- & 2-Story Townhomes
Q3 2026
Q4 2027
Hubbell Development, LLC
Hubbell Construction Services
Indigo Living
Location Highlights
0.5 miles
East of Flanagan Lake
9.8 miles
Norhtwest of University of Nebraska Omaha
13.4 miles
Northwest of Downtown Omaha
Summary Of Returns
22.06%
IRR (3-Year Hold Position)
1.49x
Equity Multiple with Sale Year 3
Quick Access
2.1 miles
From Highway 64
5.6 miles
From Interstate 680
Community Amenities
Surrounding Area
Major Announcements
Bennington Public Schools recently broke ground on what will be the second high school in the district. The $124 million project is located just 3 miles north of Anchor Pointe. Student enrollment in the school district has increased 3.65% YOY, reinforcing the strong growth surrounding the Anchor Pointe community.
Nation-Leading Rent Growth
In March of 2025, CoStar Analytics reported, “After witnessing nation-leading rent growth of 3.4% in 2024, year-over-year gains have accelerated to 3.6% as of mid-March. Over the past three years, Omaha’s average annual rent growth of 4.6% is over twice the U.S. average of 2.1% with demand and supply-side factors contributing to the recent out-performance.” The robust rent growth has continued, with CBRE reporting annual rent growth of 2.1% in their Q1 2026 market report.