10.09.2017

PRESS RELEASE | Tikijian Associates Brokers Sale of 318-Unit Apartment Community on Indianapolis’ North Side

FOR IMMEDIATE RELEASE

Tikijian Associates Brokers Sale of 318-Unit Apartment Community on Indianapolis’ North Side

Location:  Indianapolis, IN

Seller: Partnership Sponsored by The Gene B. Glick Company
Buyer: New York Based Private Investor

Tikijian Associates is pleased to announce the sale of Williamsburg North Apartments, a 318-unit community on the popular north side of Indianapolis. Tikijian Associates represented the seller, respected developer Gene B. Glick Company. Completed in 1963, the property was the second apartment property ever constructed by the Glick Company. Glick has managed the property since its construction.

Founded in Indianapolis in 1947 by Eugene B. Glick as a home building company, Glick is now one of the largest privately owned real estate companies in America, with more than 20,000 apartment units in thirteen states.
The Gene B. Glick Company has a reputation for exceptional management and maintenance and the property was in excellent physical condition and highly occupied at the time of sale.

The buyer is Brooklyn-based private investor which owns commercial properties in New York and New Jersey and has acquired several thousand apartment units in locations ranging from Florida to North Dakota over the last five years. The acquisition was the buyer’s third in Indiana. Memphis-based Multi-South Management will manage the property for the buyer.

Interest from investors in Williamsburg North was intense. Tikijian Associates conducted over thirty-five tours with prospective buyers and received twenty-five offers.

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

Click here for a Williamsburg North 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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