Summary:
Property:
Cumberland Pointe Apartments -
336 Units
Location:
Noblesville, Indiana
Seller:
Barrett & Stokely, Inc.
Buyer:
Denver-based
Private Real Estate Investor
Date
Closed: March 15, 2016
Listing
Price: Marketed
Unpriced
Tikijian Associates Brokers
Sale of Class A Cumberland Pointe Apartments in Hamilton County, Indiana
Indianapolis,
IN - Tikijian Associates is pleased to announce the sale of Cumberland Pointe
Apartments, a 336-unit Class A apartment community in Noblesville, Hamilton
County, Indiana, just north of Indianapolis. Hamilton
County is the wealthiest and fastest growing county in Indiana.
Tikijian Associates represented the seller,
Barrett & Stokely, Inc. Founded in 1976, Barrett & Stokely is one
Indianapolis’ largest and most respected apartment owners and managers. The seller acquired
Cumberland Pointe as a 208-unit community in 2010, two years after it was
built. Barrett and Stokely completed construction on an additional 128 units in
2014.
The
purchase of Cumberland Pointe was the first acquisition in Indiana for the
buyer, a private real estate investor from Denver, Colorado. Carter-Haston, a
Nashville, Tennessee based apartment management firm, is managing the property
for its new owner.
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