8.02.2018

PRESS RELEASE | Tikijian Associates Sells 102-Unit Class “A” Luxury Apartment Community in Fishers, Indiana

FOR IMMEDIATE RELEASE

Tikijian Associates Sells 102-Unit Class “A” Luxury Apartment Community in Fishers, Indiana

Location: Fishers, IN

Seller: A Joint Venture of TWG Development and Loftus Robinson
Buyer: The J.C. Hart Company

Tikijian Associates is pleased to announce the sale of Flats at Switch, a 102-unit Class “A” luxury apartment community located in emerging Fishers, Indiana. Popular, affluent and rapidly growing, the City of Fishers (a northern suburb of Indianapolis) was named the “Best Place to Live in America” by CNN/Money magazine in 2017.

The sale involved three of Indianapolis’ most high profile and well-respected development companies. Tikijian Associates represented the seller, a joint venture of TWG Development and Loftus Robinson. Founded in 2007, TWG has completed $333 million in development, has $184 million under construction and an additional $154 million in the planning stage. Loftus Robinson, founded in 2012 and located in downtown Indianapolis, is a developer of innovative and distinctive multifamily, office, hotel and mixed-used properties. With over $100 million under development, the company focuses on the developing properties with character, walkability, and sustainability.

The buyer was The J.C. Hart Company, one of central Indiana’s largest apartment developers. Founded in 1976, the company customarily builds its own properties, but was attracted to Flats at Switch due to the property’s upscale design and outstanding location. 

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana. The company has sold sixteen properties in the first half of 2018 totaling over 3,700 units and more than $233,000,000 in value. In 2017, Tikijian Associates closed twenty-two apartment sales totaling over 5,900 units and more than $439,000,000.

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

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