3.23.2018

PRESS RELEASE | Tikijian Associates Brokers Sale of 240-Unit Apartment Community on Indianapolis’ North Side


  
Location: Indianapolis, IN

Seller: Affiliate of the Neil Family
Buyer: Affiliate of Barratt Asset Management

Tikijian Associates is pleased to announce the sale of Fountain Parc Apartments, a 240-unit community on the popular north side of Indianapolis. Tikijian Associates represented the seller, an Indianapolis family that owned and managed Fountain Parc for almost fifteen years.

The property has been very well maintained and has an exceptional history of high occupancy. With the exception of units in the process of being turned, the property had been virtually 100% occupied with a waiting list for more than four years prior to the sale.

The buyer is an affiliate of Barratt Asset Management, a rapidly growing Indianapolis-based private equity and property management firm. Since its founding in July of 2010, the company has grown to more than $100 million of multifamily assets under ownership and management. The buyer plans to perform significant upgrades of amenities and unit interiors and will oversee the renovations and management internally.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The firm’s sales in 2017 totaled more than 5,900 units and more than $439,000,000.

Click here for a Fountain Parc 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@TAmulti.com), or Hannah Ott (ott@tamulti.com)

Web Site: www.TAmulti.com

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