Indianapolis
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.