Multifamily news in Indianapolis
-
IN Affordable Assisted Living Facility Lands $17M Financing
Walker & Dunlop provided the 40-year construction loan through HUD's Low-Income Tax Credit for Oasis at 56th that will feature 51 studios and 73 one-bedroom apartments.
24 May 2018 07:11 -
Emma Capital Lands $64M Indianapolis Portfolio Deal
The three properties total 849 units and represent the first purchase the company completed in this market. Renovation work will begin once the final transaction closes.
18 May 2018 16:53 -
306-Unit Community Trades Near Indianapolis
Tikijian represented the seller, developer and manager of the asset. Flaherty and Collins will take over property management on behalf of the new owner.
03 May 2018 20:01 -
Heavy Demand Powers Development Surge in Indianapolis
The apartment boom continues in the city, spurred by demographic factors and a strong economic engine.
22 March 2018 13:35 -
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.
07 February 2018 08:26 -
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.
16 January 2018 16:08 -
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