8.10.2018

PRESS RELEASE | Tikijian Associates Sells 88-unit Towne View Apartments in Mooresville, Indiana

FOR IMMEDIATE RELEASE


Location: Mooresville, IN

Seller: Double Play Investments
Buyer: Renewing Management

Tikijian Associates is pleased to have represented the seller in the sale of Towne View Apartments, an 88-unit community in Mooresville, Indiana. Mooresville is a suburban community just 15 miles southwest of Indianapolis.

The seller was Mooresville-based Double Play Investments. Built in 1995 as an affordable housing property, Towne View was purchased by the seller in 2009 and transitioned to an all market-rate community.

The buyer was Renewing Management, an Indianapolis-based owner and manager with a mission “to restore hope by transforming communities across Indiana”. The company fulfills this mission through the acquisition, management and rehabilitation, if needed, of multifamily properties.

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

Fax: 317-570-3677

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

Website: www.TAmulti.com

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