Experts on the Indianpolis Apartment Market

Over 70 years of combined experience in the multihousing brokerage industry

60,000 Units Sold Throughout Indiana and Kentucky

Clients include local, regional and national private equity investors; public pension funds; and public and private REITs.

$2 Billion in Multihousing Sales

And the highest number of apartment transactions by any Indianapolis brokerage firm.

Annually Presents the Indiana Apartment "Industry Outlook"

An event hosted in conjuction with the Indiana Apartment Association.

9.20.2018

FOR SALE | 192 Units | Evansville, IN

9.19.2018

FOR SALE | 192 Units | 8.0%+ In-Place Cap Rate | A- Location | Well Maintained w/ Upside

9.14.2018

PRESS RELEASE | Tikijian Associates Arranges Sale of Two Apartment Communities - 420 Units in Elkhart, Indiana


Location: Elkhart, IN

Seller: Brooklyn, NY Real Estate Investor
Buyer: Monterey, CA Real Estate Investor

Tikijian Associates is pleased to announce the sale of two apartment communities in the city of Elkhart, in northern Indiana. The properties, 230-unit Carriage House Apartments and 190-unit Williamsburg on the Lake Apartments, are adjacent to one another. Slightly less than 40% of the units are subsidized through HUD project-based Housing Assistance Payments (HAP) contracts.

Tikijian Associates represented the seller, a Brooklyn, New York investor that acquired the property in early 2016.

The buyer is a private investor based in Monterey, California. The acquisitions were the buyer’s first in Indiana. Indianapolis-based Flaherty & Collins, who served as manager for the seller, will continue to manage for the buyer.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana. The sale of Carriage House and Williamsburg on the Lake are the company’s twentieth and twenty-first apartment sales in the first eight months of 2018, totaling over 4,500 units and more than $295,000,000 in value.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240

Phone: 317-578-0088

Fax: 317-570-3677

Contact: George Tikijian (gtikijian@TAmulti.com), or Hannah Ott (ott@tamulti.com)

Website: www.TAmulti.com

8.10.2018

PRESS RELEASE | Tikijian Associates Sells 88-unit Towne View Apartments in Mooresville, Indiana

FOR IMMEDIATE RELEASE


Location: Mooresville, IN

Seller: Double Play Investments
Buyer: Renewing Management

Tikijian Associates is pleased to have represented the seller in the sale of Towne View Apartments, an 88-unit community in Mooresville, Indiana. Mooresville is a suburban community just 15 miles southwest of Indianapolis.

The seller was Mooresville-based Double Play Investments. Built in 1995 as an affordable housing property, Towne View was purchased by the seller in 2009 and transitioned to an all market-rate community.

The buyer was Renewing Management, an Indianapolis-based owner and manager with a mission “to restore hope by transforming communities across Indiana”. The company fulfills this mission through the acquisition, management and rehabilitation, if needed, of multifamily properties.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana. The company has sold sixteen properties in the first half of 2018 totaling over 3,700 units and more than $233,000,000 in value. In 2017 Tikijian Associates closed twenty-two apartment sales totaling over 5,900 units and more than $439,000,000.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240

Phone: 317-578-0088

Fax: 317-570-3677

Contact: George Tikijian (gtikijian@TAmulti.com), or Hannah Ott (ott@tamulti.com)

Website: www.TAmulti.com

8.08.2018

PRESS RELEASE | Tikijian Associates Sells 245 Units in Bloomington, IN - Home to Indiana University

FOR IMMEDIATE RELEASE


Location: Bloomington, IN

Seller: Regency Multifamily
Buyer: Hunter Properties

Tikijian Associates is pleased to announce the sales of 153-unit Heritage Apartments and 92-unit Sassafras Hill Apartments, in Bloomington, IN.  Bloomington is home to Indiana University, a major university with enrollment of more than 43,000 students.

Tikijian Associates represented the seller, Champaign, Illinois based Regency Multifamily. Since its formation in 1974, Regency has purchased and developed over 15,000 apartments. In 2001, Regency successfully sold most of its portfolio to a national REIT. Today the company is again positioned for growth, and currently, has more than 3,000 apartments throughout the Midwest. The company, owns, manages and develops in select secondary and tertiary markets and is buying class A properties with several recent acquisitions.

The buyer was Hunter Properties, a real estate investment and management firm headquartered in Evanston, Illinois. The buyer’s portfolio includes several apartment properties in Lafayette, Indiana. These acquisitions were Hunter’s first in Bloomington. The properties will be managed by the buyer’s affiliated management company.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The firm’s sales total over 91,000 units and more than $3.4 Billion.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240

Phone: 317-578-0088

Fax: 317-570-3677

Contact: George Tikijian (gtikijian@TAmulti.com), or Hannah Ott (ott@tamulti.com)

Website: www.TAmulti.com

8.06.2018

PRESS RELEASE | Tikijian Associates Sells Brand New Class A Broad Ripple Apartments – Record Suburban Price Per Unit

FOR IMMEDIATE RELEASE


Location: Indianapolis, IN

Seller: Central Living Group
Buyer: CrestHawk Properties

Tikijian Associates is pleased to announce the sale of The Win, a new Class “A” luxury apartment community located on Indianapolis’ Northside. Because of its outstanding location and high-end finishes, the per-unit sale price of the property was the highest on record for an apartment property outside of downtown Indianapolis CBD.

The Win is located in the heart of Broad Ripple, one of Indianapolis’ most popular entertainment and residential areas. Due to its wide variety of restaurants, bars, live entertainment venues and eclectic shops, Broad Ripple is extremely popular with college students and young adults, both single and with families. Broad Ripple has been designated as one of Indianapolis’ six official cultural districts.

Tikijian Associates represented the seller, locally-based developer, Central Living. The seller built The Win in 2016-2017.

The buyer is CrestHawk Properties. Based in Englewood, Colorado. CrestHawk’s principal has developed more than 3,000 homes and several apartment communities in the Denver area. The buyer has chosen respected and locally based developer and manager The J.C. Hart Company to manage The Win. The acquisition, which closed in January, was the buyer’s first in Indiana.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The firm’s sales total over 91,000 units and more than $3.4 Billion.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240

Phone: 317-578-0088

Fax: 317-570-3677

Contact: George Tikijian (gtikijian@TAmulti.com), or Hannah Ott (ott@tamulti.com)

Website: www.TAmulti.com

8.03.2018

PRESS RELEASE | Tikijian Associates Sells 81-Unit Apartment Community in Indianapolis

FOR IMMEDIATE RELEASE



Tikijian Associates Sells 81-Unit Apartment Community in Indianapolis

Location: Indianapolis, IN

Seller: Brownstone Ten, Irvine, California
Buyer: Pinewood CC, LLC
Tikijian Associates is pleased to announce the sale of Pinewood Village Apartments, an 81-unit community in Speedway, Indiana. Tikijian represented the seller, a private investor from Irvine, California.

The property was acquired by locally-based Pinewood CC, LLC. The community will continue to be managed by Flaherty & Collins. More community information is available at www.flahertycollins.com

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana. The company has sold sixteen properties in the first half of 2018 totaling over 3,700 units and more than $233,000,000 in value. In 2017 Tikijian Associates closed twenty-two apartment sales totaling over 5,900 units and more than $439,000,000.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240

Phone: 317-578-0088
Contact: George Tikijian (gtikijian@TAmulti.com), or Hannah Ott (ott@tamulti.com)

Website: www.TAmulti.com