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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