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

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