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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