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.

5.19.2017

PRESS RELEASE | Tikijian Associates Sells 226-unit Black Bear Creek Apartments in Fort Wayne, Indiana


Tikijian Associates Sells 226-unit Black Bear Creek Apartments in Fort Wayne, Indiana

Location: Indianapolis, IN

Seller: White Oak Partners LLC
Buyer: Renewing Management, Indianapolis, Indiana

Tikijian Associates is pleased to have represented the seller in the sale of Black Bear Creek Apartments, a 226-unit community in Fort Wayne, Indiana.

The seller, Ohio based White Oak Partners, is an experienced and market leading sponsor of multifamily real estate investment funds. Black Bear was originally purchased by White Oak in 2011.

The buyer, now owner of Black Bear Creek, is Renewing Management, an Indianapolis-based owner and manager with a focus on the acquisition, rehabilitation and stabilization of multifamily properties. Renewing Management is planning significant capital improvements at the property, including construction of a new clubhouse/community building, new roofs, new windows and interior unit upgrades / updates. The new owner will supervise construction and operate the community through its affiliated management company. With the acquisition of Black Bear Creek, Renewing Management now owns and manages 23 multifamily properties and 2,500 units all located in the state of Indiana.
Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana.

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@TAmultihousing.com), or Hannah Ott (ott@tamultihousing.com)

Web Site: www.TAmultihousing.com

5.11.2017

PRESS RELEASE | Tikijian Associates Sells 208-unit Laurel Lake Apartments in Indianapolis, IN

Tikijian Associates Sells 208-unit Laurel Lake Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: Blackhawk Realty Advisors
Buyer: Renewing Management

Tikijian Associates is pleased to have represented the seller in the sale of Laurel Lake Apartments, a 208-unit community on the suburban south side of Indianapolis.

Tikijian Associates represented the seller, Blackhawk Realty Advisors, based in Chicago.

The buyer was Renewing Management, an Indianapolis-based owner and manager with a focus on the acquisition and management of multifamily properties within Indiana. Renewing Management plans to implement a capital improvement program at the property to enhance amenities, building exteriors and unit interiors with minimal impact to current residents. The buyer will manage Laurel Lake through its affiliated management company.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana.

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@TAmultihousing.com), or Hannah Ott (ott@tamultihousing.com)

Web Site
: www.TAmultihousing.com

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5.05.2017

PRESS RELEASE | Tikijian Associates Sells 314-unit Island Club Apartments in Indianapolis, Indiana


Tikijian Associates Sells 314-unit Island Club Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: An affiliate of Westdale Real Estate Investment & Management
Buyer: An affiliate of Summit Equity Investments, Inc.

Tikijian Associates is pleased to have represented the seller in the sale of Island Club Apartments, a 314-unit community on the northwest side of Indianapolis, Indiana. The well maintained property was built in 1990 and is located on a beautiful 23 acre lake. The offering attracted significant interest from local, regional and national investors.

Tikijian Associates represented the seller, Westdale Real Estate Investment & Management, based in Dallas. Founded in 1991, Westdale controls and manages approximately 200 commercial and multifamily properties located in 30 cities, representing a total capitalization of greater than $4 billion.

The buyer was an affiliate of Summit Equity Investments, Inc., based in Los Angeles. Founded in 2009, Summit is a family office investor and investment manager. The company owns and manages over 3,000 apartment units in strong secondary markets throughout the US. The acquisition was Summit’s first in Indianapolis.

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4.28.2017

PRESS RELEASE | Tikijian Associates Sells 208-unit Cross Creek Apartments in Indianapolis, Indiana


Tikijian Associates Sells 208-unit Cross Creek Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: An affiliate of Westdale Real Estate Investment & Management
Buyer: An affiliate of Birge & Held

Tikijian Associates is pleased to have represented the seller in the sale of Cross Creek Apartments, a 208-unit community on the northwest side of Indianapolis, Indiana.

Tikijian Associates represented the seller, Westdale Real Estate Investment & Management, based in Dallas. Founded in 1991, Westdale controls and manages approximately 200 commercial and multifamily properties located in 30 cities, representing a total capitalization of greater than $4 billion.

The buyer was an affiliate of Birge & Held Asset Management LLC, a rapidly growing Indianapolis-based private equity and property management firm. “We intend to rehab and reposition the property over the next 12-16 months in a similar manner to our other workforce housing assets”, said Andrew Held, President & COO of Birge & Held.  Since its founding in 2008, the company has acquired and now owns and manages over $450,000,000 in multi-family assets across the country.

Click here for Cross Creek Photo

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@TAmultihousing.com), or Hannah Ott (ott@tamultihousing.com)

Web Site: www.TAmultihousing.com

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FOR SALE | Class A New Construction | Trophy Asset Located in Rapidly Growing Hamilton County, IN

4.20.2017

PRESS RELEASE | Tikijian Associates Sells 244-unit Mariner’s Village Apartments in Indianapolis, Indiana


 
Tikijian Associates Sells 244-unit Mariner’s Village Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: An Affiliate of Belgarde
Buyer: RBG Properties

Tikijian Associates is pleased to have represented the seller in the sale of Mariner’s Village Apartments, a 244-unit community on the west side of Indianapolis, Indiana. Mariner’s Village was built in 1978 and is located on a beautiful 60 acre lake.

Tikijian Associates represented the seller, Belgarde Enterprises. Belgarde is a fifty year-old privately held real estate firm based in Minneapolis. The firm’s holdings include residential properties in several states and office / warehouse properties in the Minneapolis area.

The offering attracted tremendous interest from private equity investors located throughout the country.
After receiving two pre-emptive offers, the seller selected a buyer and, remarkably, the transaction was completed within thirty days of the launch of marketing, and eighteen days of the choice of a buyer.

The buyer was RBG Properties, a West Plains, Missouri based investor with 20+ years of experience in real estate development and apartment ownership and management. The acquisition represented the buyer’s second acquisition in Indianapolis.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The sale of Mariner’s Village was the twenty-third completed transaction of 2016 for Tikijian Associates, representing almost 5,500 units and more than $274,000,000 in value.

Click here for Mariner's Village Photo

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@TAmultihousing.com), or Hannah Ott (ott@tamultihousing.com)

Web Site: www.TAmultihousing.com

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3.30.2017

PRESS RELEASE | Tikijian Associates Sells 574-Units in the Estates at Eagle’s Pointe Apartments

Tikijian Associates Sells 574-Units in the Estates at Eagle’s Pointe Apartments



Location: Peru, IN

Seller: New York Based Private Investor
Buyer: Trinity Affordable Housing Corporation

Closing Date: November 30, 2016

Tikijian Associates is pleased to have arranged the sale of 574 units in the Estates at Eagle's Pointe Community in Peru, IN. Peru is located approximately 70 miles due north of Indianapolis.

Estates at Eagles Pointe was developed in the 1950’s through the 1970’s as military housing for airmen and their families serving at Grissom Air Force Base. Grissom Air Force Base was reclassified as a reserve facility in 1994 and the housing was privatized and subsequently sold to individual home owners and two large bulk owners.

Tikijian Associates represented the seller, a private investment group which also owns multifamily and commercial properties in Ohio, Maryland, Florida, Texas, Pennsylvania and Delaware. The seller acquired 135 of the units in 2009 and the remaining 449 units in 2011.  

The buyer was Chicago-based Trinity Affordable Housing Corporation. The buyer acquired the property using tax exempt bond financing and will operate it as affordable housing. The sale closed on November 30, 2016.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The sale of Estates at Eagle’s Pointe was the twenty-first completed transaction in 2016 for Tikijian Associates, representing almost 4,900 units and more than $256,000,000 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@TAmultihousing.com), or Hannah Ott (ott@tamultihousing.com)

Web Site: www.TAmultihousing.com

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