12.03.2016

PRESS RELEASE: Tikijian Associates Sells 122-Unit Meadow Lawn Apartments in Kokomo, IN


Tikijian Associates Sells 122-Unit Meadow Lawn Apartments in Kokomo, IN

Location: Indianapolis, IN


Seller: 
Private Investors, Berne, Indiana
Buyer:
King Properties, Denver, Colorado

Closing Date:
May 18, 2016

Tikijian Associates is pleased to have arranged the sale of Meadow Lawn of Kokomo, a 122-unit apartment community in Kokomo, Indiana. Kokomo is a community located about 50 miles due north of Indianapolis.

Tikijian Associates represented the seller, private investors based in Berne, Indiana. The sellers had owned Meadow Lawn of Kokomo for a number of years.

The buyer was an affiliate of Denver-based King Realty Holdings. The buyer owns and operates apartments and manufactured housing communities in the rocky mountain region and the Midwest. The new owner plans significant capital improvements including new roofs, windows and interior unit renovations and will manage the community internally.

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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