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.

9.27.2017

FOR SALE | 2 Student Oriented Properties near Indiana University Bloomington | 245 Total Units

Click here for additional information (Sassafras Hill or Heritage)

9.15.2017

FOR SALE | 6.5% In-Place Cap Rate | Proven Value Add Potential | 512 Units | B+ Indy Location

9.14.2017

FOR SALE | Distressed 753 Units | B Location | 7.0% In-Place Cap Rate | Indy’s North Side

PRESS RELEASE | Tikijian Associates Brokers Sale of 240-Unit LaCabreah Apartments in Brownsburg, IN

FOR IMMEDIATE RELEASE

Tikijian Associates Brokers 1,261-Unit Lake Castleton Apartments - Largest Apartment Sale in Indianapolis History
Location: Indianapolis, IN

Seller: Affiliate of Mt. Auburn Capital
Buyer: Affiliate of Sterling Group
Tikijian Associates is pleased to announce the sale of Lake Castleton, a 1,261-unit apartment community located on Indianapolis’ popular north side. From the perspective of total sale price, the transaction represented the largest apartment sale in Indianapolis history.  

Tikijian Associates represented the seller, an affiliate of Mt. Auburn Capital, a Los Angeles-based Private REIT.  Founded in 2004, the company now owns approximately 10,000 units throughout the country. Bluestone Properties, the seller’s affiliated management company, had managed the property for the seller since its acquisition from AIMCO in 2009.  

The community has been exceptionally well maintained and had a history of high occupancy. The seller had successfully begun implementation of a unit upgrade program with renovated units achieving significantly higher rents.

The buyer is an affiliate of Sterling Group, a well-respected developer, owner and manager based in Mishawaka, Indiana. Founded in 1976, Sterling Group owns and manages apartments and storage facilities in fifteen states in the Midwest and South. The buyer plans to upgrade a significant number of units and to enhance the property’s two clubhouses and amenities.

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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9.06.2017

PRESS RELEASE: Tikijian Associates Brokers 1,261-Unit Lake Castleton Apartments - Largest Apartment Sale in Indianapolis History

FOR IMMEDIATE RELEASE

Tikijian Associates Brokers 1,261-Unit Lake Castleton Apartments - Largest Apartment Sale in Indianapolis History
Location: Indianapolis, IN

Seller: Affiliate of Mt. Auburn Capital
Buyer: Affiliate of Sterling Group
Tikijian Associates is pleased to announce the sale of Lake Castleton, a 1,261-unit apartment community located on Indianapolis’ popular north side. From the perspective of total sale price, the transaction represented the largest apartment sale in Indianapolis history.  

Tikijian Associates represented the seller, an affiliate of Mt. Auburn Capital, a Los Angeles-based Private REIT.  Founded in 2004, the company now owns approximately 10,000 units throughout the country. Bluestone Properties, the seller’s affiliated management company, had managed the property for the seller since its acquisition from AIMCO in 2009.  

The community has been exceptionally well maintained and had a history of high occupancy. The seller had successfully begun implementation of a unit upgrade program with renovated units achieving significantly higher rents.

The buyer is an affiliate of Sterling Group, a well-respected developer, owner and manager based in Mishawaka, Indiana. Founded in 1976, Sterling Group owns and manages apartments and storage facilities in fifteen states in the Midwest and South. The buyer plans to upgrade a significant number of units and to enhance the property’s two clubhouses and amenities.

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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