Multifamily news in Indianapolis

Heavy Demand Powers Development Surge in Indianapolis
The apartment boom continues in the city, spurred by demographic factors and a strong economic engine.
Research Center
IN Affordable Senior Housing Lands $7M in Tax Credits
Historic Sullivan Lofts is slated to include 40 senior housing units and will provide free social services, including physical therapy, medication delivery and off-site transportation to residents 55 and older.
Affordable
Balfour Beatty Breaks Ground on IN Student Community
The 387,000-square-foot Aspire at Discovery Park, the first phase of a $1.2 billion planned development near Purdue University, is expected to be complete in August 2019.
Student Housing

  • CBRE Secures $321M Portfolio Sale

    The nine-property portfolio includes communities located in Indianapolis, Memphis, Tenn., Oklahoma City and Cincinnati, totaling 1,803 units. Milhaus developed, constructed and managed the majority of the portfolio.

    11 January 2018 16:14

  • CBRE Indianapolis Names New EVP

    Starting his career at CBRE in 1994, Steve LaMotte led the Central Midwest Multifamily and has been involved in the sale of more than $3 billion of apartment product.

    11 January 2018 16:01

  • Steadfast Acquires Indianapolis Property for $45M

    Avery Point Apartments, a 512-unit community, includes 58 two-story buildings with one- and two-bedroom units, and two-bedroom townhomes that average about 900 square feet.

    27 December 2017 15:32

  • Student Housing Trades near Indiana University in Bloomington

    The 333-bed student community is conveniently located less than a half-mile from the Indiana University Bloomington campus. At the time of the transaction, it was 100 percent occupied.

    15 December 2017 20:22

  • IN Student Community Receives $14M Refi

    The refinancing includes a cash-out component and also benefits from Fannie Mae's Green Rewards program. The community is fewer than two miles from Indiana University.

    30 November 2017 16:22

  • South Street Capital JV Buys IN Student Housing Portfolio

    The 290-bed portfolio consists of five adjacent buildings near Purdue University. The communities are close to major locations including Chauney Mall, West Lafayette Public Library and Northwestern Avenue.

    08 November 2017 13:03

  • Tikijian Closes 304-Unit Indianapolis Community

    SL Systems LLC purchased the asset and plans to renovate the exterior and upgrade the unit interiors. The community was 95.7 percent occupied as of September.

    07 November 2017 14:34

  • Grandbridge Closes Indianapolis Community Refi

    The 493-unit community is situated on the campus of Indiana University–Purdue University Indianapolis. Grandbridge placed the refinancing with Ladder Capital Finance.

    03 November 2017 14:23

  • Pillar Refinances 2 Indianapolis Communities

    The $23.3 million in Fannie Mae loans will pay for green property improvements at Echo Ridge and English Village, two communities located on the southeast side of the city.

    02 November 2017 18:51

  • Broad-Based Employment Fuels Demand in Indianapolis

    Indianapolis is among the nation’s top cities for finding and maintaining a job, as evidenced in a new study compiled by job search website Glassdoor.

    25 October 2017 12:27

  • Marcus & Millichap Lists $31M Student Housing Community

    The company received the exclusive listing for 512 South Third St., a 400-bed student housing community within walking distance of the University of Illinois' main campus.

    03 August 2017 13:17

  • Covenant Buys $30M Indianapolis Community

    Columns of Castleton was 99.5 percent occupied as of June. The company plans to implement a $4.7 million plan for renovating unit interiors and upgrading amenities.

    02 August 2017 15:39

  • Tikijian Secures $37M Indianapolis Community

    The company represented The RADCO Cos. in the sale of 455-unit Indianapolis asset. The new company changed its name to Ashford at Keystone and plans to renovate unit interiors.

    20 July 2017 06:43

  • Indianapolis: Full Speed Ahead

    Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.

    27 June 2017 09:55

  • Marcus & Millichap Sells Indianapolis Community

    Built in 1980, the one-story building is located near Memorial Hospital, a major employer in the area. The community was 100 percent occupied as of May.

    08 June 2017 19:17