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.


Multifamily Investment Opportunity: English Village

Checkout this new multifamily investment opportunity! 

Assumable Existing Loan with 3.72% “All-in” Interest Rate and Extremely Attractive Leverage and Terms: The property is offered subject to an existing HUD, 35-year, fully amortizing, non-recourse loan with an “all-in” interest rate (including mortgage insurance premium) of 3.72%. At the offering price the loan offers approximately 80% Loan to Value leverage.

One of Newest Properties in Its Submarket: Completed in 1988, English Village is one of the last properties built inside the east leg of Indianapolis’ interstate beltway. The area is now fully-developed, providing a barrier to additional apartment construction.

Exceptionally Convenient to Downtown CBD, Interstates and Major Employment Centers: The property’s location is within five to ten minutes of four interstate highways (Interstates I-465, I-65, I-70 and I-74), ideal for residents working downtown or at the many employment centers situated near the interstates.  The downtown CBD and Indiana University–Purdue University Indianapolis (29,000 students) are both approximately fifteen minutes to the west via I-70.

Several Opportunities to Create New Value: English Village offers buyers the opportunity to increase revenue through:
  • Upgrade of unit interiors (three upgraded units are renting at a $50 per month premium)
  • Addition of washer/dryer hookups (two units with hookups rent at a $50 per month     premium)
  • Clubhouse renovation (can create fitness and/or business center without enlarging)
  • Addition of swimming pool (the property includes ideal space by the clubhouse for a pool and deck)
Attractive, Well Maintained Buildings and Grounds: Building exteriors are attractive brick and vinyl siding. The community has been very well maintained.

Quiet Atmosphere: In spite of its proximity to interstates and other major commercial development, English Village offers residents a quiet atmosphere, neighbored by woods and/or single family development in each direction.


Multifamily Investment Opportunity: Cana Apartments

Investment Highlights

Fantastic Noblesville Location: An Area of High Growth and Affluence:  Population has grown to over 55,000, an increase of 92% since 2000, approximately 200% since 1990. The city of Noblesville is one of the most affluent in Indiana. Median family income in the city was estimated at $85,567 in 2012, up from $61,455 in 2000.

Noblesville is Nationally Ranked as Desirable City: In recent years Noblesville has been honored as the 10th best city in America to raise a family by Sperling and Sanders, one of the nation’s 25 best suburbs by and in the 100 Best Places to Live by CNN Money.

Long Term Owner Retiring: Cana Apartments has been owned for more than 25 years by the current owner. The property is being marketed for sale as the owner wishes to retire.

Cana Apartments’ Prestigious Hamilton County Setting Adds to Resident Appeal and Desirability: Hamilton County was ranked as the 24th wealthiest in the US when measured by median household income in 2012. The area is known for providing high quality public schools and a strong local economy.

Current High Occupancy: The property is currently over 90% occupied. Comparable rental properties have an average occupancy of 93%.

All Roofs Replaced Recently: The current owner replaced the roofs at the property around ± 2008.

Strong Upside Potential through Unit Upgrades and Utility Bill Back: Currently the residents are not being billed for gas or water/sewer usage. Implementing a resident bill back program will increase revenue. Interior units are dated and would benefit from cosmetic updates.

Additional Land Available for Development: A separate  +/-1 acre parcel of land is located directly in front/adjacent to Cana Apartments and is already zoned for multifamily development. This parcel of land can be purchased together with the apartment community.


2013 Year in Reivew

Tikijian Associates’ completed another extremely successful year in 2013. Our team closed 19 multifamily sales in Indiana, working with national, regional and local sellers and buyers. The Tikijian Associates team also reached a significant milestone in 2013, exceeding $2.0 Billion in total apartment sales!

For multifamily owners, the last year has been a period of growth in both rents and occupancies – and sellers have benefitted from strong demand for multifamily assets among real estate investors. We expect continued solid apartment fundamentals and an active market for sales in 2014.

We are proud of our accomplishments and believe the Tikijian Associates team offers unparalleled experience and expertise in our markets. Please don’t hesitate to contact us if we may be of service to you.

For more information about our sales, click here to download our NEW Sales Activity Brochure. You can also learn more by visiting our website ( or following us on, Facebook, LinkedIn and Twitter.