6.21.2018

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

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