5.06.2016

PRESS RELEASE Tikijian Associates Brokers 130-Unit Apartment Community in Indianapolis, Indiana

FOR IMMEDIATE RELEASE

Tikijian Associates Brokers 130-Unit Apartment Community in Indianapolis, Indiana


Location: Indianapolis, Indiana

Seller: Greater Vision IV, LLC, a real estate investment syndication
Buyer: Capital 8 Group, LLC

Closing Date: April 12, 2016

Tikijian Associates is pleased to announce the sale of Aspen Chase Apartments, a 130-unit apartment community located on the northwest side of Indianapolis. The community was built by the well-respected Gene B. Glick Company in 1981 and was purchased by the seller in 2006.

Tikijian Associates represented the seller, Greater Vision IV, LLC, a syndication of investors from Indianapolis and California. The property was managed by Indianapolis-based James Management Group during the seller’s ownership.

The buyer is Capital 8 Group, LLC a Denver, Colorado multifamily owner with properties in Colorado and Texas. The purchase of Aspen Chase was the buyer’s first in Indiana. Indianapolis-based Milhaus Management will manage the property for the new owner.

For additional information:
Tikijian Associates
3755 E. 82nd St., Suite 265
Indianapolis, IN  46240

Phone: 317-578-0088
Fax: 317-570-3677

Contact: George Tikijian (gtikijian@TAmultihousing.com), or Hannah Ott (ott@tamultihousing.com)

Web Site: www.TAmultihousing.com

###

0 comments:

Post a Comment