Indianapolis
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.
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.
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.
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.
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.
ACC to Open Indianapolis Student Housing
ACC partnered with Butler University to open another student housing facility in Indianapolis. The 648-bed community is slated to open in fall 2018.
Summit Equity Investments Nabs First Indianapolis Property
Tikijian Associates represented Westdale Real Estate Investment & Management in selling 314-unit Island Club Apartments to an affiliate of Summit Equity Investments Inc.
Milhaus Appoints New President
James Benning is tasked with growing the company’s construction division.
FM Capital Expands Midwest Student Housing Portfolio
The firm acquired five properties near Indiana University in an off-market transaction.
On the Market: 5 Interesting Listings for the Week of 12/5
This week’s listings include a Mediterranean-style town home community and an Indianapolis property located on a 60-acre lake.