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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