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.

6.22.2018

PRESS RELEASE | Tikijian Associates Sells 245 Units in Bloomington, IN - Home to Indiana University

FOR IMMEDIATE RELEASE

Tikijian Associates Sells 245 Units in Bloomington, IN - Home to Indiana University

Location: Bloomington, IN

Seller: Regency Multifamily
Buyer: Hunter Properties

Tikijian Associates is pleased to announce the sales of 153-unit Heritage Apartments and 92-unit Sassafras Hill Apartments, 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, Champaign, Illinois based Regency Multifamily. Since its formation in 1974, Regency has purchased and developed over 15,000 apartments. In 2001, Regency successfully sold most of its portfolio to a national REIT. Today the company is again positioned for growth, and currently, has more than 3,000 apartments throughout the Midwest. The company, owns, manages and develops in select secondary and tertiary markets and is buying class A properties with several recent acquisitions.

The buyer was Hunter Properties, a real estate investment and management firm headquartered in Evanston, Illinois. The properties will be managed by the buyer’s affiliated management company.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The firm’s sales total over 91,000 units and more than $3.4 Billion.

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)

Website: www.TAmulti.com

6.21.2018

PRESS RELEASE | Tikijian Sells 753-Unit Cottages of Fall Creek Apartments in Indianapolis

Tikijian Sells 753-Unit Cottages of Fall Creek Apartments in Indianapolis

Location: Indianapolis, IN

Seller: Shamrock Communities
Buyer: Pepper Pike Capital Partners

Tikijian Associates is pleased to have arranged the sale of The Cottages of Fall Creek, a 753-unit apartment community located on the northeast side of Indianapolis, Indiana. Originally named Brendon Way, the property was the city’s premier rental community for young professionals in the 1970’s and 1980’s.

Tikijian Associates represented the seller, Shamrock Communities in the sale.

The buyer was Pike Capital Partners a real estate investment, re-development and management company based in Cleveland, Ohio.  Over the past decade, the firm’s principals have acquired and re-developed over 25,000 apartment homes throughout the Midwest and Southeast, with a cumulative value in excess of $1.5 billion. The buyer will make a significant capital investment in Cottages of Fall Creek, including upgrades of unit interiors and common areas and enhancement of community amenities.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The firm’s sales total over 91,000 units and more than $3.4 Billion.

Click here for Cottages of Fall Creek 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)

Website: www.TAmulti.com

PRESS RELEASE | Tikijian Associates Sells 256-Unit Class A Apartment Community in Greenwood, Indiana

FOR IMMEDIATE RELEASE

Tikijian Associates Sells 256-Unit Class A Apartment Community in Greenwood, Indiana

Location: Greenwood, IN

Seller: Pedcor
Buyer: Summit Equity Investments

Tikijian Associates is pleased to announce the sale of Phase I of Trotters Pointe Apartments, a 256-unit apartment community located in popular Greenwood, Indiana, just south of Indianapolis.

Tikijian Associates represented the Indianapolis-based seller, Pedcor Companies. Founded in 1987, Pedcor develops, owns and manages market rate and affordable housing communities throughout the Midwest and western United States. The company has developed in excess of 16,000 apartment units in seventeen states.

Pedcor developed Phase I of Trotters Pointe in 2007 and subsequently built three additional phases expanding the community to 492 units.

The buyer is an affiliate of Summit Equity Investments, Inc., based in Los Angeles. Founded in 2009, Summit is a second-generation family office investor and investment manager. The Company seeks properties offering potential to add value in strong secondary markets throughout the US. The acquisition was Summit’s third in Indianapolis.

The buyer has re-named the community “Summit Pointe” and plans to continue upgrades of unit interiors which were begun by the seller. Greystar will manage the property for the new owner.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in multifamily sales throughout Indiana. The firm’s sales total over 91,000 units and more than $3.4 Billion.

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)

Website: www.TAmulti.com

6.20.2018

FOR SALE | Class A New Construction | 7% Cap Rate | Fully Stabilized | 210 Units in Southern Indiana

FOR SALE | 740 Units | South Bend, IN | Value Add Opportunities | Less than 2 Miles to Notre Dame

FOR SALE | Rehab Opportunity | Only $27K / Unit | Marion, IN | 220 Units

6.08.2018

PRESS RELEASE: Tikijian Associates Sells 46-unit Stonebrook of Franklin Apartments in Franklin, Indiana


PRESS RELEASE
Tikijian Associates Sells 46-unit Stonebrook of Franklin Apartments in Franklin, Indiana

Location: Franklin, IN

Seller: Renewing Management, Indianapolis, IN
Buyer: An affiliate of Skyline Real Estate Investments

Tikijian Associates is pleased to have represented the seller in the sale of Stonebrook of Franklin Apartments, a 46-unit community in Franklin, Indiana. Franklin is a suburban community just 20 miles due south of Indianapolis.

Tikijian Associates represented the seller, Renewing Management, an Indianapolis-based owner and manager.

The buyer was Skyline Real Estate Investments. Skyline acquires and manages apartment communities in Colorado and select other markets. The acquisition was the buyer’s first in Indiana. Indianapolis based Birge & Held will manage Stonebrook of Franklin for the new owner.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana.

Click here for a Stonebrook of Franklin 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

PRESS RELEASE: Tikijian Associates Sells 56-unit Scatterfield Villas Apartments in Anderson, Indiana


PRESS RELEASE
Tikijian Associates Sells 56-unit Scatterfield Villas Apartments in Anderson, Indiana

Location: Anderson, IN

Seller: Renewing Management
Buyer: A private investor based in Wintersville, Ohio

Tikijian Associates is pleased to have represented the seller in the sale of Scatterfield Villas Apartments, a 56-unit community in Anderson, Indiana. Anderson is a suburban community just 30 miles northeast of Indianapolis.

Tikijian Associates represented the seller, Renewing Management, an Indianapolis-based owner and manager who restores hope by transforming communities across Indiana. Renewing Management bought the property (then named Autumn Winds) in the spring of 2015 and performed a significant rehab during its ownership, including, updating interiors of all of the units. The seller also re-named the property Scatterfield Villas.

The buyer, Scatterfield FT, LLC is based in Wintersville, Ohio. The acquisition was the buyer’s first multifamily investment.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana.

Click here for a Scatterfield Villas 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