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.

5.19.2017

PRESS RELEASE | Tikijian Associates Sells 226-unit Black Bear Creek Apartments in Fort Wayne, Indiana


Tikijian Associates Sells 226-unit Black Bear Creek Apartments in Fort Wayne, Indiana

Location: Indianapolis, IN

Seller: White Oak Partners LLC
Buyer: Renewing Management, Indianapolis, Indiana

Tikijian Associates is pleased to have represented the seller in the sale of Black Bear Creek Apartments, a 226-unit community in Fort Wayne, Indiana.

The seller, Ohio based White Oak Partners, is an experienced and market leading sponsor of multifamily real estate investment funds. Black Bear was originally purchased by White Oak in 2011.

The buyer, now owner of Black Bear Creek, is Renewing Management, an Indianapolis-based owner and manager with a focus on the acquisition, rehabilitation and stabilization of multifamily properties. Renewing Management is planning significant capital improvements at the property, including construction of a new clubhouse/community building, new roofs, new windows and interior unit upgrades / updates. The new owner will supervise construction and operate the community through its affiliated management company. With the acquisition of Black Bear Creek, Renewing Management now owns and manages 23 multifamily properties and 2,500 units all located in the state of Indiana.
Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana.

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

5.11.2017

PRESS RELEASE | Tikijian Associates Sells 208-unit Laurel Lake Apartments in Indianapolis, IN

Tikijian Associates Sells 208-unit Laurel Lake Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: Blackhawk Realty Advisors
Buyer: Renewing Management

Tikijian Associates is pleased to have represented the seller in the sale of Laurel Lake Apartments, a 208-unit community on the suburban south side of Indianapolis.

Tikijian Associates represented the seller, Blackhawk Realty Advisors, based in Chicago.

The buyer was Renewing Management, an Indianapolis-based owner and manager with a focus on the acquisition and management of multifamily properties within Indiana. Renewing Management plans to implement a capital improvement program at the property to enhance amenities, building exteriors and unit interiors with minimal impact to current residents. The buyer will manage Laurel Lake through its affiliated management company.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana.

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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5.05.2017

PRESS RELEASE | Tikijian Associates Sells 314-unit Island Club Apartments in Indianapolis, Indiana


Tikijian Associates Sells 314-unit Island Club Apartments in Indianapolis, Indiana

Location: Indianapolis, IN

Seller: An affiliate of Westdale Real Estate Investment & Management
Buyer: An affiliate of Summit Equity Investments, Inc.

Tikijian Associates is pleased to have represented the seller in the sale of Island Club Apartments, a 314-unit community on the northwest side of Indianapolis, Indiana. The well maintained property was built in 1990 and is located on a beautiful 23 acre lake. The offering attracted significant interest from local, regional and national investors.

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 Summit Equity Investments, Inc., based in Los Angeles. Founded in 2009, Summit is a family office investor and investment manager. The company owns and manages over 3,000 apartment units in strong secondary markets throughout the US. The acquisition was Summit’s first in Indianapolis.

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