3.30.2017

PRESS RELEASE | Tikijian Associates Sells 574-Units in the Estates at Eagle’s Pointe Apartments

Tikijian Associates Sells 574-Units in the Estates at Eagle’s Pointe Apartments



Location: Peru, IN

Seller: New York Based Private Investor
Buyer: Trinity Affordable Housing Corporation

Closing Date: November 30, 2016

Tikijian Associates is pleased to have arranged the sale of 574 units in the Estates at Eagle's Pointe Community in Peru, IN. Peru is located approximately 70 miles due north of Indianapolis.

Estates at Eagles Pointe was developed in the 1950’s through the 1970’s as military housing for airmen and their families serving at Grissom Air Force Base. Grissom Air Force Base was reclassified as a reserve facility in 1994 and the housing was privatized and subsequently sold to individual home owners and two large bulk owners.

Tikijian Associates represented the seller, a private investment group which also owns multifamily and commercial properties in Ohio, Maryland, Florida, Texas, Pennsylvania and Delaware. The seller acquired 135 of the units in 2009 and the remaining 449 units in 2011.  

The buyer was Chicago-based Trinity Affordable Housing Corporation. The buyer acquired the property using tax exempt bond financing and will operate it as affordable housing. The sale closed on November 30, 2016.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The sale of Estates at Eagle’s Pointe was the twenty-first completed transaction in 2016 for Tikijian Associates, representing almost 4,900 units and more than $256,000,000 in value.

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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