Indianapolis
The Annex Group Begins Work on Affordable Development in Indiana
Together with T&H Investment Properties, the company broke ground on Union at Washington, a 51-unit community reserved for low-income residents in Kokomo.
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
Indianapolis Multifamily Report – Spring 2019
Apartment demand remained relatively healthy in the metro, with year-over-year rent growth at 3.2 percent as of March—on par with the U.S. average.
Berkadia Brokers Sale of 261 Units in the Midwest
The company’s Chicago investment sales team facilitated two deals involving the 128-unit Franklin Park Apartments in Milwaukee and Highland Pointe, a 133-unit multifamily property in Indianapolis.
CS Acquisition Group Sells 272-Unit IN Community
The Lakewood, N.J.,-based company sold a 16-building multifamily asset in Beech Grove to a private investor. The property was 95 percent occupied at the time of sale.
Suburban Indy Community Changes Hands
The buyer, Muesing Management, secured more than $7 million in short-term financing from Merchants Bank of Indiana to fund the acquisition.
Emma Capital Grows in Indianapolis with $39M Buy
The Toronto-based company expanded its footprint in the city to 1,829 units with the acquisition of two apartment communities in the Washington West submarket.
Indianapolis’ Demand Keeps Up With Supply
Multifamily demand is strong in the metro, where favorable employment and demographic trends are putting upward pressure on occupancy and giving property owners leverage to raise rents.
Berkadia Arranges IN Community Sale
Managing Director Alex Blagojevich and Director Chris Bruzas of Berkadia completed the sale on behalf of both the buyer and the seller.
CAPREIT Lands $77M Refi for Midwest Portfolio
The assets include The Kensington at Beverly Hills in Michigan, Valle Vista Armes Apartments in Indiana, Greenway Chase Apartments in Missouri and Pointe West Apartments in Iowa.