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.

4.28.2017

PRESS RELEASE | Tikijian Associates Sells 208-unit Cross Creek Apartments in Indianapolis, Indiana


Tikijian Associates Sells 208-unit Cross Creek Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: An affiliate of Westdale Real Estate Investment & Management
Buyer: An affiliate of Birge & Held

Tikijian Associates is pleased to have represented the seller in the sale of Cross Creek Apartments, a 208-unit community on the northwest side of Indianapolis, Indiana.

Tikijian Associates represented the seller, Westdale Real Estate Investment & Management, based in Dallas. Founded in 1991, Westdale controls and manages approximately 200 commercial and multifamily properties located in 30 cities, representing a total capitalization of greater than $4 billion.

The buyer was an affiliate of Birge & Held Asset Management LLC, a rapidly growing Indianapolis-based private equity and property management firm. “We intend to rehab and reposition the property over the next 12-16 months in a similar manner to our other workforce housing assets”, said Andrew Held, President & COO of Birge & Held.  Since its founding in 2008, the company has acquired and now owns and manages over $450,000,000 in multi-family assets across the country.

Click here for Cross Creek 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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FOR SALE | Class A New Construction | Trophy Asset Located in Rapidly Growing Hamilton County, IN

4.20.2017

PRESS RELEASE | Tikijian Associates Sells 244-unit Mariner’s Village Apartments in Indianapolis, Indiana


 
Tikijian Associates Sells 244-unit Mariner’s Village Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: An Affiliate of Belgarde
Buyer: RBG Properties

Tikijian Associates is pleased to have represented the seller in the sale of Mariner’s Village Apartments, a 244-unit community on the west side of Indianapolis, Indiana. Mariner’s Village was built in 1978 and is located on a beautiful 60 acre lake.

Tikijian Associates represented the seller, Belgarde Enterprises. Belgarde is a fifty year-old privately held real estate firm based in Minneapolis. The firm’s holdings include residential properties in several states and office / warehouse properties in the Minneapolis area.

The offering attracted tremendous interest from private equity investors located throughout the country.
After receiving two pre-emptive offers, the seller selected a buyer and, remarkably, the transaction was completed within thirty days of the launch of marketing, and eighteen days of the choice of a buyer.

The buyer was RBG Properties, a West Plains, Missouri based investor with 20+ years of experience in real estate development and apartment ownership and management. The acquisition represented the buyer’s second acquisition in Indianapolis.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The sale of Mariner’s Village was the twenty-third completed transaction of 2016 for Tikijian Associates, representing almost 5,500 units and more than $274,000,000 in value.

Click here for Mariner's Village 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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