Investing
IN IOWA
We provide qualified
Iowa Investors
Investing in Iowa real estate for Iowans, by Iowans.
Investing in Iowa real
estate for Iowans, by
Iowans.
What We Do
Legacy Impact Investors is an Iowa-based, privately-owned real estate investment firm that acquires and manages a portfolio of cash-flowing and value-add assets across the Midwest.
Criteria
We have two buy-boxes. One for value-add assets where we implement a business plan & sell. The other for cash-flowing assets to hold in our portfolio.
Strategy
We identify properties to hold for the long-term, or those that have a value-add component where we can force value appreciation through proven business strategies.
locationS
We invest in cities across the Midwest due to our extensive network of connections, purchasing power, and the region’s steady performance fundamentals.
Listen to Our Podcast
Listen to our podcast for insights on industrial real estate investments. Discover strategies, market trends, and success stories from experts at Legacy Impact Investors. Tune in and stay informed!

From cornfields to highrises, office to industrial, houses to hotels, and every other asset class in real estate. We cover the people, the projects, and the profit.
Welcome to The Investing in Iowa Show.
This show is for go-doers, action-takers, and business owners.
It’s for people like you who are sick of Uncle Sam taking a huge bite of your apple.
If you’re looking to get ahead of what’s taking place in Iowa, learn who is doing what and how you can get in on action—you’re in the right place.
Hosted by Neil Timmins, an Iowa native who has been involved in over $300M in real estate right here in Iowa.
What happens when a family-first mindset drives a real estate career?
In this episode, David Gellerman of Hawkeye Commercial Real Estate reflects on nearly four decades in the business. He talks about starting in wholesale, finding his way into real estate through mentorship, and the evolution of Hawkeye into a trusted family-run firm focused on brokerage, investment, and property management.
David shares how strong relationships, a conservative approach to debt, and a focus on people over transactions have shaped his long-term success. He also offers insight into his vision for the next generation and why slowing down to enjoy the journey matters just as much as the growth.
🧠 David Gellerman’s Top 5 Takeaways: •How mentorship helped David transition from wholesaling into commercial real estate. •Why Hawkeye Commercial focuses on depth over breadth, growing around key markets instead of stretching too thin. •How relationships with clients, vendors, and tenants are the foundation of the business. •Why conservative debt strategies keep the company resilient in changing markets. •How culture, connection, and enjoying the moment fuel David’s long-term vision for the company.
👤 About David Gellerman: David Gellerman is a lifelong Quad Citizen and seasoned commercial real estate leader with over 38 years of experience. After graduating from Drake University, he joined his family’s multi-industry businesses and now leads Hawkeye Commercial Real Estate, a full-service brokerage, investment, and asset management firm with offices in the Quad Cities and Coralville/Iowa City.
David has served as CEO since 2012 and chairman since 2019. He’s actively involved in the community, holding leadership roles with the Quad City Area Realtors, Quad Cities Chamber, and Better Health Foundation, among others. He and his wife Rene live in Bettendorf and have five grown children.
Contact Info:
Website | https://thehawkeyegroup.com/

From Bankrupt to Owning the Largest Brokerage in Iowa with Shane Torres
- June 13, 2024
- 30:32
In this episode of the Investing in Iowa podcast, host Neil Timmins sits down with Shane Torres, principal owner of Remax Concepts and other entities. Shane sh…
Wealth in Understanding One's Market with Bill Wright
- June 13, 2024
- 30:32
Welcome to another episode of Investing in Iowa! This time, I’m chatting with Bill Wright, a seasoned commercial real estate broker at CBRE in West Des Moines….
Relationships & Real Estate. Brokerage & Investing with Kurt Mumm
- June 13, 2024
- 30:32
Welcome to the Investing in Iowa show! In this episode, I sit down with Kurt Mumm, the president of Cushman & Wakefield Iowa Commercial Advisors. Kurt shares h…
Meet the CEO
NEIL J. TIMMINS
By at the age of 29, he became the #1 RE/MAX agent in Iowa.
admin@legacyimpactinvestors.com
© Copyright Legacy Impact Investors, LLC. All Rights Reserved.