Tikijian Associates Arranges Sale of Beechmill Apartments in Indianapolis

A Birge & Held Asset Management affiliate has acquired Beechmill Apartments, a 256-unit multifamily community in Indianapolis.

IndianapolisTikijian Associates has arranged the sale of Beechmill Apartments, a 256-unit multifamily community located on the far south side of Indianapolis.

Beechmill Apartments in Indianapolis

Beechmill Apartments in Indianapolis

Tikijian Associates represented the seller, an Indianapolis apartment owner and manager with more than 2,800 units in central Indiana.

The buyer was an affiliate of Birge & Held Asset Management LLC, a growing Indianapolis-based private equity and property management firm. Since its founding in 2008, the company has acquired, and now owns and manages, more than $300 million worth of multifamily assets across the country.

Beechmill Apartments was built in 1981. The property has been owned and managed by the seller since 2002 and has had a long history of high occupancy.

Amenities include a swimming pool, fitness center, lighted tennis and basketball courts, high-speed internet access, on-site maintenance and extra storage. Units are cable ready and feature air conditioning, dishwashers, microwaves, patios/balconies, ceiling fans, oversized closets, washer and dryer connections, garbage disposals and refrigerators.

Earlier this year, Tikijian also brokered the sale of Aspen Chase Apartments, a 130-unit multifamily community in northwest Indianapolis, as well as the sale of Cumberland Pointe Apartments, a 336-unit multifamily community located in Noblesville, Hamilton County.

Image courtesy of Tikijian Associates