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

Posted in: Press Release, SOLD