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.

3.23.2016

Summer Internship - Indianapolis, IN

Tikijian Associates is a boutique brokerage firm specializing exclusively in the sale of multihousing properties in Indiana. The experience and accomplishments of its professionals are second to none among multihousing brokers in Indiana and include:
  • Over 70 years of combined experience in the multihousing brokerage industry
  • $2+ Billion in multihousing sales
  • 60,000 units sold throughout Indiana and Kentucky for clients including local, regional and national private equity investors; public pension funds; and public and private REITs


Summer Internship Position at Tikijian Associates – The intern’s responsibilities include conducting an annual marketing study of the Indiana Apartment Market, maintaining company records in a database, and assisting the Brokerage Team by researching various projects. The intern must possess strong organization skills, basic computer competencies, and an outgoing and enthusiastic personality. Over 75% of the internship includes conducting phone surveys, so the candidates should be comfortable with phone-work. The internship is located in the Keystone at the Crossing area on the north side of Indianapolis. The internship will last approximately 12 weeks, beginning in early May and is a paid position ($10.50/hr).

Qualifications:
Strong organization skills
Basic computer competencies
Outgoing and enthusiastic personality
Comfortable on the telephone

Sophomore or Junior status, 3.0 GPA minimum 

Email Resumes to
Kimberly Fetzer
kfetzer@tamultihousing.com

3.18.2016

PRESS RELEASE: Tikijian Associates Brokers Sale Two Apartment Communities - 420 Units in Elkhart, Indiana



Summary:
Properties: Carriage House Apartments (230 Units) and Williamsburg on the Lake Apartments (190 Units)
Location: Elkhart, Indiana
Seller: Partnerships Sponsored by The Gene B. Glick Company
Buyer: Brooklyn, NY Investor
Date Closed: February 24, 2016

Tikijian Associates Brokers Sale Two Apartment Communities - 420 Units in Elkhart, Indiana


Tikijian Associates is pleased to announce the sale of two apartment communities totaling 420 units in Elkhart, Indiana. The properties are:
 Carriage House Apartments, a 230-unit community built in 1970; and
 Williamsburg on the Lake, a 190-unit community built in 1974

More than half of the units at Carriage House are subsidized through a HUD project-based Housing Assistance Payments (HAP) contract, while almost all of the units at Williamsburg on the Lake are leased as market-rate units.

Tikijian Associates represented the sellers, which were partnerships affiliated with The Gene B. Glick Company. Glick built both properties and has managed them since their construction. Founded in 1947 by Eugene Glick as a home building company, Glick is now one of the largest privately owned real estate companies in America, with more than 20,000 apartment units in eleven states.

The Gene B. Glick Company has a reputation for exceptional management and maintenance and the properties were in excellent physical condition and were highly occupied at the time of their sale.

The buyer is Brooklyn-based private investor which owns commercial properties in New York and New Jersey and has acquired several thousand apartment units in locations ranging from Florida to North Dakota over the last five years. The acquisitions were the buyer’s first in Indiana. Indianapolis-based Flaherty & Collins will manage the properties for the buyer.

Elkhart is a thriving city in northern Indiana situated just fifteen minutes east of South Bend. The area is known as the RV capital of the world. More than 60% of all recreational vehicles built in America are built in Elkhart County.

The properties were offered with separate prices and the combined sale price exceeding the offering prices. The sales closed on February 24, 2016.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240
Phone:  317-578-0088
Fax:      317-570-3677

3.11.2016

PRESS RELEASE: Tikijian Associates Sells 81-Unit Apartment Community in Indianapolis



Summary:
Property: Pinewood Village Apartments, an 81-Unit Apartment Community in Indianapolis, Indiana
Seller: EMK Property Investors; Indianapolis, IN
Buyer: Brownstone Ten; Irvine, California
Closing Date: February 29, 2016

Tikijian Associates Sells 81-Unit Apartment Community in Indianapolis

Tikijian Associates is pleased to announce the sale of Pinewood Village Apartments, an 81-unit community in Speedway, Indiana. Tikijian represented the seller Greenwood, Indiana based EMK Property Investors.  

The property had been owned by EMK Property Investors for more than 6 years. Founded in 2009, EMK Property Investors focuses on the acquisition, operation, and asset management of multi-family properties.  Their mission is to provide quality housing at an affordable price while creating maximum value for their investors.  Following their sale of Pinewood Village, EMK Property Investors portfolio is currently in excess of 500 units.

Pinewood Village was purchased by Brownstone Ten, a California based real estate investment group. The buyer was represented by Home Union of Irvine California, Indiana Managing Broker, Joe Wootan. HomeUnion is an online real estate investment management firm enabling value investing in single-family rentals.

Pinewood Village Apartments will continue to be managed by Flaherty & Collins.  More community information is available at www.flahertycollins.com  

The transactions was closed by Mike Sibbing at First American Title – Direct Operations – Commercial Division

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240
Phone:  317-578-0088
Fax:      317-570-3677