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.

7.06.2018

PRESS RELEASE | Tikijian Associates Sells 66-Unit Class A Senior Apartment Community in Brownsburg, Indiana

FOR IMMEDIATE RELEASE



Tikijian Associates Sells 66-Unit Class “A” Senior Apartment Community in Brownsburg, Indiana

Location: Brownsburg, IN

Seller: Joint Venture of Whitmore Investments and Paragus Companies
Buyer: Summit Equity Investments

Tikijian Associates is pleased to announce the sale of Bailey Park of Brownsburg Apartments, a 66-unit Class A independent living senior apartment community located in growing Brownsburg, Indiana, just west of Indianapolis.

Tikijian Associates represented the seller, a joint venture of Whitmore Investments and Indianapolis-based developer Paragus. The seller completed construction of Bailey Park of Brownsburg in 2015. The community is designed for “55 and better” residents and features spacious ground-level units, each with an attached garage.

The buyer was 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 fourth in Indianapolis.

H-I Management, a respected management company based in Indianapolis which managed the property for the seller, has been retained by the new owner to continue management.

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

Contact: George Tikijian (gtikijian@TAmulti.com), or Hannah Ott (ott@tamulti.com)

Website: www.TAmulti.com