Experts on the Indianpolis Apartment Market

Over 70 years of combined experience in the multihousing brokerage industry

60,000 Units Sold Throughout Indiana and Kentucky

Clients include local, regional and national private equity investors; public pension funds; and public and private REITs.

$2 Billion in Multihousing Sales

And the highest number of apartment transactions by any Indianapolis brokerage firm.

Annually Presents the Indiana Apartment "Industry Outlook"

An event hosted in conjuction with the Indiana Apartment Association.

9.30.2016

PRESS RELEASE: Tikijian Associates Sells 121-Unit Stonebrook Apartments in Evansville, IN

FOR IMMEDIATE RELEASE


Tikijian Associates Sells 121-Unit Stonebrook Apartments in Evansville, IN

Location: Evansville, Indiana

Seller: Renewing Management, Indianapolis, Indiana
Buyer: Delta Alliance, Irvine, California

Closing Date: June 23, 2016

Tikijian Associates is pleased to have arranged the sale of Stonebrook of Evansville, a 121-unit apartment community in Evansville, Indiana.

Tikijian Associates represented the seller, Renewing Management. The seller is a growing Indianapolis-based owner and manager specializing in creating value in multifamily properties through capital investment and attentive management. The seller acquired Stonebrook of Evansville, then known as Savannah Gardens, from its lender in 2012 following the lender’s foreclosure. The seller performed an extensive rehab and stabilized the community soon after its acquisition.

The buyer was Delta Alliance an Irvine, California apartment owner and manager. Founded in 2010, the company has grown rapidly and now owns approximately 2,300 units in three states. Delta Alliance also owns the 150-unit Arbors of Evansville Apartments located next to Stonebrook of Evansville and plans to rebrand the property as The Arbors of Evansville – South. The new owner’s affiliated management company, Investors’ Property Services, will be responsible for day-to-day management.

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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9.26.2016

FOR SALE | 226 Unit Value-Add Property | Fort Wayne, Indiana

9.19.2016

FOR SALE | Outstanding South Side Location | Upgrade Opportunity | 208 Units | Indianapolis

9.16.2016

LENDER OWNED REO SALE | Value Add Opportunity | 288 Units | Indianapolis

9.15.2016

PRESS RELEASE: Tikijian Associates Sells 208-Unit Trails at Lakeside Apartments in Indianapolis

FOR IMMEDIATE RELEASE

Tikijian Associates Sells 208-Unit Trails at Lakeside Apartments in Indianapolis

Location: Indianapolis, Indiana

Seller: Oak Residential Partners, LLC
Buyer: Birge & Held Asset Management

Closing Date: September 9, 2016

Tikijian Associates is pleased to have arranged the sale of Trails at Lakeside Apartments, a 208-unit apartment community located at 56th and Allisonville, on the north side of Indianapolis.

Built by Trammell Crow in 1989, Trails at Lakeside is an attractive community situated on a nineteen acre site which includes a lake. The property is well-located near the popular cultural district of Broad Ripple and Keystone at the Crossing, home to Indianapolis’ highest end shopping and dining.

Tikijian Associates represented the seller, Oak Residential Partners, a Deerfield, Illinois based fully integrated real estate investment firm focused on the multifamily market.

The buyer was an affiliate of Birge & Held Asset Management, a growing Indianapolis-based private equity and property management firm. Since its founding in 2008, the company has acquired and now owns and manages over $350 Million in multi-family assets across the country.
Click here for a Trails at Lakeside Photo

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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9.09.2016

FOR SALE | Very Well Performing 2004 Built Property | 7.0% T-12 Cap | Indianapolis/Greenwood

9.08.2016

FOR SALE | Value Add Opportunity | North Side In-Fill Location | 38 Units | Indianapolis