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
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
