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.

7.26.2017

PRESS RELEASE | Tikijian Associates Sells 644 Bed Student Property at Purdue University

FOR IMMEDIATE RELEASE

Tikijian Associates Sells 644 Bed Student Property at Purdue University

Location: West Lafayette, IN

Seller: LNR Partners
Buyer: Tailwind Group

Tikijian Associates is pleased to announce the sale of McCormick Place, a 644-bed student apartment community located in West Lafayette, IN.  The property caters to students attending Purdue University, one of the nation’s most respected institutions of higher education. The West Lafayette campus has a total enrollment of 40,000 + graduate and undergraduate students and employs over 15,000.
Tikijian Associates represented the Miami-based seller, LNR Partners. Following the acquisition of the property through foreclosure, LNR Partners hired Indianapolis based Milhaus Management to run and stabilize the property. 

McCormick Place was purchased by Minnesota based Tailwind Group. With over 40 years of combined experience, the Tailwind Group is focused on building and sustaining unique, amenity-rich developments. Tailwind is focused on identifying underserved and undervalued markets that have a strong college or university population and lack of a robust commercial presence. McCormick Place is Tailwind’s first Indiana acquisition and adds to their existing portfolio which now includes 10 student oriented multifamily properties.

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

Click here for McCormick Place 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

###

7.17.2017

FOR SALE | 8.9% Trailing 3 Cap Rate | Indianapolis MSA - North | 56 Units

PRESS RELEASE | Tikijian Associates Sells 455-Unit Indianapolis Community

FOR IMMEDIATE RELEASE

Tikijian Associates Sells 455-Unit Indianapolis Community

Location: Indianapolis, IN

Seller: RADCO Companies
Buyer: Summit Equity Investments, Inc.

Tikijian Associates is pleased to announce the sale of Ashford at Keystone, a 455-unit apartment community located on Indianapolis’ popular north side.
Tikijian Associates represented the Atlanta-based seller, The RADCO Companies. Founded in 1994, RADCO now owns more than 50 apartment communities in nine states totaling approximately 18,000 units. RADCO bought Ashford at Keystone from the Lehman Brothers bankruptcy estate in 2013 (Tikijian Associates represented Lehman Brothers in that transaction). The seller successfully rehabbed and repositioned the property during its ownership.

The buyer is an affiliate of Summit Equity Investments, Inc., based in Los Angeles. Founded in 2009, Summit is a second-generation family office investor and investment manager. The Company seeks properties offering potential to add value in strong secondary markets throughout the US. The acquisition was Summit’s second in Indianapolis.

The buyer has re-named the community “Summit at Keystone” and plans to continue the upgrades of unit interiors which were begun by the seller. Greystar will manage the property for the new owner.

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

###