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

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