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

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