Tikijian Associates Arranges Sale of Beechmill Apartments in Indianapolis
- May 24, 2016
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