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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