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
Web
Site: www.TAmultihousing.com
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