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.

2.15.2016

Multifamily Investment Opportunity: Arlington Terrace

http://tamultihousing.listinglab.com/ArlingtonTerrace/index.cfm
Arlington Terrace Investment Highlights

  • Attractively Priced at $3,100,000 
    • 8.9% Cap Rate on trailing 3 month performance
  • Five Blocks to Community Hospital East
    • Over 1,500 current employees
    • Under construction for $175 million hospital renovation/expansion
    • State of Indiana building $120 million Neuro-Diagnostic Institute and Advanced Treatment Center on campus 
  • Exceptionally High Historical Occupancy
    • Annual occupancy between 96% and 98% since 2012
  • Stable Property with Opportunities to Increase Revenue 
    • Unit upgrades
    • Complete institution of water/sewer bill-backs
    • Add bark park and/or business center
  • Very Attractive Buildings of Georgian Architecture and All-Brick Exteriors
  • Very Well Maintained Property 
  • All New Windows Installed in 2002 and All Roofs Replaced in 2006
  • Convenient to 10th Street Corridor, Bus Line, Shopping Areas, and Restaurants
  • Remodeled 10 Units in 2013 Including Kitchens and Baths
  • Many Long-Term Residents (over 5-year average tenancy) – Lower Turnover and Lower Operating Expenses
  • Washers/Dryer Connections in Select Units (16 units)
  • 10-year+ Ownership by Current Owner
  • Offered Free and Clear of Debt
Visit our website for more information.

2.10.2016

Multifamily Investment Opportunity: Lake Marina


Lake Marina Investment Highlights:
  • Opportunity to Acquire 348-Unit Stable Property with High Historical Occupancy and Potential to Further Increase Revenue
  • Numerous Strategies are Available to Continue Increasing Revenue at the Property
  1. Potential Interior Unit Updates
  2. Implement a Water Bill Back Program
  3. Begin Charging Unit Amenity Premiums
  • Lake Marina is Offered Free and Clear of Existing Debt
  • Lake Marina Offers Unique Unit Styles with Two-story Lofts, Private Entrances and Expansive Lake Views
  • High Traffic, Highly Visibile Location that is Convenient to Interstates and Employment Centers