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.
Flats at Fisher Marketplace
Flats at Fisher Marketplace

Tikijian Associates has secured the sale of Flats at Fisher Marketplace, a 306-unit luxury community close to Indianapolis, in Fisher, Ind. The company worked on behalf of the Cincinnati-based seller, the Ackerman Group, which developed the property between 2014 and 2016 and managed it until the sale. A New York-based investment firm acquired the asset.

Situated on approximately 17 acres, at 9588 Ambleside Drive off Interstate 69, the Class A community consists of studios, one-, two- and three-bedroom units ranging from 642 to 1,346 square feet and includes in-unit amenities such as hardwood floors, tile floors, dining room, walk-in closets and washer/dryer.

The four three-story pet-friendly buildings offer common area amenities including:

  • Wi-Fi
  • yoga studio
  • outdoor grilling stations
  • swimming pool
  • clubhouse
  • bocce ball courts
  • bike storage
  • fitness center
  • business center

Indianapolis-based Flaherty and Collins is managing the property on behalf of the new owner. According to data provider Yardi Matrix, Flats at Fisher Marketplace had a $1,111 average rental rate as of April and was 73.2 percent occupied as of March.

Image courtesy of Tikijian Associates