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.

11.13.2012

Foster Park is NOW Available

Foster Park
70 Units
Fort Wayne, IN

Here is a great new multifamily oppertunity in Fort Wayne, IN. 

Investment Highlights Include:
Desirable Senior Community with Low Turn Over: Foster Park is a senior community that has a historically experienced low turnover of residents which assists in keeping the operating expenses down. Average length of tenancy is approximately 4 years.

Stable Property with Current and Historical High Occupancy:
Foster Park is currently 97% occupied and has experienced historical occupancy of 90%+/- for several years.

High Cap Rate Offering with Upside Potential: 
The asking price of $2,500,000 represents an 8.8% forecast cap rate and an 8.4% actual cap rate. Current market rents at Foster Park are below the competing properties offering the potential for revenue increases.

Attractive Brick Exterior:  Low maintenance, masonry exteriors enhance the property’s appearance.
Gated and Covered Under Building Parking Garage Ideal for Seniors: Foster Park offers it’s resident gated and covered parking garage with elevator access directly into the building which is very appealing to senior residents.

Good Unit Mix with Large 2 Bedroom Floorplans: The property offers 38 one bedroom units and 32 two bedroom units. The two bedroom units are open and spacious with over 1,100 square feet. 

Located on the City’s Exercise and Recreation Trail:
Fort Wayne’s Rivergreenway; Foster Park is located immediately adjacent to the St. Marys Pathway. This trail part of Fort Wayne’s Rivergreenway, a linear park with 25 miles of trails designed to connect neighborhoods and parks along Fort Wayne’s three rivers. St, Mary’s Pathway is an 8.75 trail designed for walking, jogging, bicycling and rollerblading.

11.02.2012

In the news: Milhaus' 451 Market apartment development is under way Downtown

Here's another article quoting George's expertise. Read here:

Milhaus' 451 Market apartment development is under way Downtown

“The reality is..... we’ve never seen (so much new development) concentrated in a small market like Downtown before. Never had this many units at once,” said George Tikijian of Tikijian Associates apartment brokerage. “But Downtown is very popular. I do think they will be absorbed.”

11.01.2012

Greenfield Knoll NOW Available

Greenfield Knoll

80 Units
Greenfield, IN

There is a new property available on our website!
Take a look at this great new opportunity in Greenfield, IN. 
Investment Highlights include:
  • Opportunity to Reposition and Increase Value: The acquisition of Greenfield Knoll represents the opportunity to purchase a well located property and enhance value through strong management and property upgrades.
  • Vibrant Growing Market Location: The city of Greenfield grew by 26% between 2000 and 2010. Hancock County has further projected population growth above 20% over the next 15 years. Average occupancy for the city of Greenfield in 2012 was 92.6%
  • Favorable Unit Mix and Unit Amenities: Greenfield Knoll offers an attractive unit mix of 1 & 2 bedroom flats and 2 bedrooms townhomes with an average unit size of 985 square feet. All units have washer/dryer hookups, private patios or balconies and private storage closets.
     
  • Convenient Location Near Major Retail and Employment: Greenfield Knoll is located approximately 1 mile north of downtown Greenfield and only one half mile from State Road 9 where there is a high concentration of employment, retail and restaurants.
     
  • Freshly Painted Building Exteriors: Greenfield Knoll was recently painted in the fall of 2012 adding to the overall curb appeal of the property.
     
  • Owner Retiring: After 10+ years of ownership, the seller of Greenfield Knoll is retiring.