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.

2.04.2015

Multifamily Investment Opportunity: The Fort

This is a Brand New Class A Luxury Apartment Community for sale! For more information, visit our website HERE.


Investment Highlights

New “Best-in-Market”, Class A Luxury Apartment Community
  • 224-Unit Asset Completed in 2013
  • Beautifully Designed Building Exteriors
  • Exceptional Floorplans, Interior Finishes and Amenities
In Contemporary Urban Setting with Outstanding Walkability
  • Within Unique and Growing Enclave of “Lawrence Village at the Fort”
  • Near Numerous Employment Centers, Retail Shops and Restaurants, Including New Triton Brewery
  • Next to Beautiful Fort Harrison State Park
  • Near “The Fort Golf Resort,” a Pete Dye Designed Championship Course Rated among Indiana’s Best
  • Numerous Community Events & Festivals
  • Target Area for New Development
Club Caliber Community Amenities - “Best Overall Amenities” Award in 2013
  • Luxury Pool and Hot Tub
  • Indoor Basketball Court 
  • State-of-the-Art Cardio / Weight / Exercise Room
  • Personal Work-out / Yoga Room Complete with Pre-Loaded Exercise Videos
  • Spacious Club Room with Gourmet Kitchen, Game Area, TV/Lounge Area with Free Wifi
  • Business Center and Conference Room Available to Residents
  • Ample Green Space for Walking, Jogging and Biking
  • Controlled Access Common Hallway Doors
High–End Unit Finishes
  • Custom Cabinetry with Under-Cabinet Lighting
  • Stainless Steel and Black Appliances
  • Nine-foot or Ten-foot  Minimum Ceiling Height
  • Brushed Nickel Hardware Throughout
  • Oversized Garden Tubs
  • Large Walk-in Closets
  • Full Size Washer / Dryer Connections In Each Unit
  • Wood Laminate Flooring
  • Unique Architectural Features Including Arched Entry Ways
  • Screened Patios
  • Private Garage Parking - Some with Direct Unit Access
Highly Successful Initial Lease-up
  • 95%+ Occupancy for Last 12 Months
  • 98.7% Current Occupancy with Virtually No Concessions Offered
Opportunity to Implement Revenue Management Software to Continue Increasing Rental Rates

Limited Competition Risk with No Planned or Under-construction Multifamily Product Nearby

Competes for Downtown and Far Northside Residents by Offering Comparable Amenities

Current Rental Rates Average $1.08 per square foot while Comparable Age and Quality Class A Properties Average Well over $1.20 at Keystone at the Crossing and Downtown

Fifteen Minute Drive to Downtown and Only Ten Minutes to Keystone at the Crossing Area, Home to Indianapolis’ Highest-end Retailers (Including Saks Fifth Avenue, Nordstrom, Tiffany’s) and the City’s Best Restaurants.

Offered Free and Clear and Well-positioned for New Permanent Financing or Cash Purchase