7.26.2016

PRESS RELEASE: Tikijian Associates Brokers Sale of 260-Unit Apartment Community in Indianapolis, Indiana

Tikijian Associates Brokers Sale of 260-Unit Apartment Community in Indianapolis, Indiana

 
Location: Indianapolis, Indiana

Seller: Partnership Sponsored by the Gene B. Glick Company
Buyer: Indianapolis-based Owner and Manager Investor

Closing Date: May 11, 2016

Tikijian Associates is pleased to announce the sale of Woods of Castleton, a 260-unit apartment community on the popular far north side of Indianapolis.

Tikijian Associates represented the seller, a limited partnership sponsored by the Gene B. Glick Company. The Glick Company built Woods of Castleton in 1982 and has owned and managed it since construction. Founded in 1947 by Eugene Glick as a home builder, the Gene B. Glick Company is now one of the largest privately owned real estate companies in the U.S., with more than 20,000 apartment units in eleven states. The Gene B. Glick Company has an outstanding reputation for construction, management and maintenance.

The buyer is a well-respected Indianapolis apartment owner and manager. The acquisition of Woods of Castleton brings the buyer’s portfolio to more than fifteen properties totaling almost 3,000 units in central Indiana.

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

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