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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