DEAL OF THE DAY: Marcus & Millichap Acquires Exclusive Listing of 10 Properties for $242.95M
- Jun 26, 2008
By Erika Schnitzer, Associate EditorIndianapolis–Marcus & Millichap Real Estate Investment Services has acquired the exclusive listing for the Premier EPM Portfolio for $242.95 million.The portfolio is comprised of 10 properties and 2,704 units in the neighboring areas of Indianapolis; Fort Wayne, Ind.; Omaha, Neb. and Gainesville, Ga. They are being offered either separately or as a portfolio.Matthew Friedman, associate vice president of investments and director of Marcus & Millichaps’s National Multi-Housing Group in Encino, Calif., is representing the seller, Empire Corporate America, a private investor.The portfolio includes the 256-unit Avon Creek in Avon, Ind.; the 224-unit Brownsburg Crossing in Brownsburg, Ind.; the 272-unit Greenfield Crossing in Greenfield, Ind.; Saratoga Crossing, a 240-unit development in Plainville, Ind.; Settler’s Run, a 304-unit project in Danville, Ind.; the 274-unit Reserve at Dawson’s Creek in Fort Wayne and the 272-unit Island Club, both in Fort Wayne, Ind.; The Landings, with 240 units, and The Outlook with 330 units, both in Bellevue, Neb.; and Empirian Lanier at Carrington Park (pictured), a 292-unit property in Gainesville, Ga.