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.

12.13.2017

PRESS RELEASE | Tikijian Associates Sells 198-Unit, 333-Bed Student Property at Indiana University

FOR IMMEDIATE RELEASE

Tikijian Associates Sells 198-Unit, 333-Bed Student Property at Indiana University



Location: Bloomington, IN

Seller: An affiliate of Foresite Realty Partners, in its capacity as Receiver
Buyer: An affiliate of New Castle Realty Services

Tikijian Associates is pleased to announce the sale of Knights Landing, a 198-unit, 333-bed student apartment community located in Bloomington, IN.  Bloomington is home to Indiana University, a major university with enrollment of more than 43,000 students.

Tikijian Associates represented the seller, an affiliate of Foresite Realty Partners, which acted in its capacity as receiver. Foresite Realty Partners is a full service real estate firm based in Chicago.

Knights Landing was purchased by New York based New Castle Realty Services. The buyer is a full services real estate firm which manages over 2,500 housing units throughout the five boroughs of New York City. The purchase was the buyer’s first in Indiana.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana. The sale of Knights Landing was the firm’s eighteenth sale of 2017, totaling over 4,800 units and more than $325,000,000.

Click here for a Knights Landing 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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12.12.2017

PRESS RELEASE | Tikijian Associates Brokers Sale of 304-Unit Springhill Apartments in Indianapolis, IN

FOR IMMEDIATE RELEASE

Tikijian Associates Brokers Sale of 304-Unit Springhill Apartments in Indianapolis, IN



Location: Indianapolis, IN

Seller: Zidan Management
Buyer: SL Systems, LLC

Tikijian Associates is pleased to announce the sale of 304-unit Springhill Apartments, located on the west side of Indianapolis.

Tikijian Associates represented the seller, Zidan Management Group, an Indianapolis-based owner and manager with a portfolio of approximately 5,000 unit located in Indiana, Michigan and Chicago. The property had a history of high occupancy and was 99% occupied at closing.

Springhill was purchased by New Jersey based investor, SL Systems, LLC. The acquisition was the buyer’s first in Indiana. The buyer plans capital improvements of exteriors and the upgrade of unit interiors. Louisville-based PMR Companies, will manage the property for the new owner.

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

Click here for a Springhill 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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