PRESS RELEASE | Tikijian Associates Brokers Sale of 450-Unit Apartment in Ft. Wayne, Indiana


Tikijian Associates Brokers Sale of 450-Unit Apartment in Ft. Wayne, Indiana

Location:  Fort Wayne, IN

Seller: Partnership Sponsored by The Gene B. Glick Company
Buyer: Birge & Held Asset Management

Tikijian Associates is pleased to announce the sale of Woodbridge Apartments, a 450-unit community in Ft. Wayne, Indiana. Tikijian Associates represented the seller, respected developer Gene B. Glick Company. Glick built the community in two phases (completed in 1980 and 1987, respectively) and has managed the property since 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 was an affiliate of Birge & Held Asset Management LLC, a rapidly growing Indianapolis-based private equity and property management firm. Since its founding in 2008, the company has acquired and now owns and manages over 6,000 units with a value in excess of $500,000,000 in multi-family assets across the country.

Interest from investors In Woodbridge was intense. Tikijian Associates conducted over thirty-five tours with prospective buyers and received twenty-four offers.

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

Click here for a Woodbridge 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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