Thompson Thrift Sells Indianapolis BTR
The luxury community features more than 200 homes.
Thompson Thrift has sold Slate at Fishers District, a luxury 242-unit build-to-rent community in Indianapolis, Ind. Bonaventure Holding Co. purchased the 25-acre property, located at 11255 Slate Stone Dr.
Slate at Fishers District features one-, two-, and three-bedroom villas in combination with three- and four-bedroom townhomes. Homes range from 739 to 2,675 square feet, according to Yardi Matrix data. The average rent in the community is $2,438, up from $2,343 in 2024.
Units feature high ceilings, washers/dryers, stainless steel appliances and smart technology. The homes also offer individual air conditioning, heating and internet access.
The property, completed in May 2024, includes a 24-hour fitness center, business center, pool, spa, dog park and clubhouse. At the time of the sale, the community was 90 percent occupied.
Slate at Fisher District is less than a half-mile from the Fishers Event Center and under a mile from the Yard at Fishers District, featuring multiple entertainment, dining and shopping options. Also nearby is the Adrenaline Family Adventure Park with go-karting, an arcade, a trampoline park and a rock climbing wall.
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The community is situated within Fishers District, a master-planned project featuring five developments. Thompson Thrift started work on the $750 million development in 2015. Upon completion, it will span 123 acres and will feature multifamily, office, hotel, dining, shopping and entertainment spaces.
George Tikijian, Hannah Ott, Ted Abramson, Cam Benz, Claire Hassfurther, Ryan Stockamp and Sean Pingel of CBRE brokered the sale of Slate at Fisher District.
Single-family rent prices have steadily increased on the national level throughout 2025. However, while rental rates increased 2.4 percent year-over-year in January 2025, this is down from January 2024 when prices increased by 2.6 percent on the same basis. The January SFR rent price increase marked the first uptick in the sector’s rental growth since mid-2024.
