performance
Talon Development offers direct access to high-quality multifamily investments supported by in-house expertise across development and construction. Investors enjoy tax-deferred income streams, depreciation benefits, and exposure to demand-driven housing markets. Talon has delivered an average net IRR of 22.1% and developed over $600 million in multifamily projects across the Midwest.
our Investment philosophy
Disciplined & Data-Driven
Every decision is grounded in rigorous market research, underwriting, and risk analysis—protecting investor capital and maximizing opportunity.
Strong & Stable Returns
With deep development expertise and efficient management, we deliver consistent performance and long-term growth across every project.
Aligned with Investors
Transparency, accountability, and partnership define our approach. We invest alongside our partners, ensuring interests remain aligned at every stage.
Focused on Multifamily
Multifamily real estate has consistently delivered strong, reliable returns—often outperforming bonds, public REITs, and even the S&P 500 over the long term. As a fundamental human need, housing provides built-in stability and resilience, helping multifamily assets weather economic uncertainty better than more volatile markets. In addition, investors can benefit from unique tax incentives, including programs such as Opportunity Zones, which create added value beyond traditional returns.
by the numbers
3800+ Units
Units Built & Under Construction
$500M
Developed Since 2014
$100M+
Private Equity Raised
15-18%
Targeted Internal Rate of Return
2.4x
Equity Multiple
22.1%
Average Net IRR to the Investor
Current opportunities
Fox Hills Apartments
Dubuque, IA
Market-Rate Apartments
100% Funded
The Banks
Spencer, IA
Market-Rate Apartments
100% Funded
District 29 – Phase II
Fort Dodge, IA
Market-Rate Apartments
Investment Opens Early 2026
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Disclaimer
The information provided on this website is for informational purposes only. No material on this website should be considered an offer to sell, or a solicitation of an offer to buy, a recommendation to purchase or sell, any securities or interests, whether in any private equity fund or investment vehicle or otherwise, nor does it constitute investment advice or an endorsement with respect to any investment strategy or company. The material on this website serves to provide general information and is not intended to be, and should not be construed as, legal or tax advice, which can only be provided by qualified tax and legal counsel.
Investments in private equity are speculative and involve a high degree of risk. The value of investments may fall as well as rise, and investors may lose all or part of their investment.
No Reliance on Information
The content on this site should not be construed as financial, investment, legal, or tax advice. Visitors should consult with professional advisors to evaluate the information provided and its applicability to their individual circumstances. Neither Eagle Construction, Inc. nor Talon, LLC dba Talon Development make any representations or warranties as to the accuracy, reliability or completeness of any information at this website. The content of this website is subject to change without notice or liability. All materials on this website are intended to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, or disclosures apply to any partial document or material in the same manner as they do the whole and will be deemed incorporated in the portion of any material or document that you consult or download.
Forward-Looking Statements
Certain statements contained on this website may constitute “forward-looking statements.” These statements are based on current expectations, estimates, projections, opinions, and beliefs, and are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated. There are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Neither Eagle Construction, Inc. nor Talon, LLC dba Talon Development undertakes any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
No Guarantee of Returns
Past performance is not indicative of future results, and there can be no assurance that any targeted returns will be achieved. Any returns or projections mentioned are hypothetical and should not be relied upon as a representation or guarantee of performance. Any views, strategies or products discussed in the material on this website may not be appropriate for all individuals and are subject to risks and uncertainties. Nothing in the material on this website should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes or strategies discussed are suitable to your needs. Users are urged to consider, together with their advisors, the objectives, risks, charges, and expenses associated with an investment, product, or strategy prior to making an investment decision.
Restricted Access
This website is intended for individuals who are qualified investors as defined by relevant regulations and laws. Accessing this information may be restricted by law in certain jurisdictions. It is the responsibility of every visitor to adhere to the laws and regulations applicable in their respective jurisdiction.
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Investment is only offered exclusively to accredited investors. This is not an invitation to invest.