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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