8.06.2018

PRESS RELEASE | Tikijian Associates Sells Brand New Class A Broad Ripple Apartments – Record Suburban Price Per Unit

FOR IMMEDIATE RELEASE


Location: Indianapolis, IN

Seller: Central Living Group
Buyer: CrestHawk Properties

Tikijian Associates is pleased to announce the sale of The Win, a new Class “A” luxury apartment community located on Indianapolis’ Northside. Because of its outstanding location and high-end finishes, the per-unit sale price of the property was the highest on record for an apartment property outside of downtown Indianapolis CBD.

The Win is located in the heart of Broad Ripple, one of Indianapolis’ most popular entertainment and residential areas. Due to its wide variety of restaurants, bars, live entertainment venues and eclectic shops, Broad Ripple is extremely popular with college students and young adults, both single and with families. Broad Ripple has been designated as one of Indianapolis’ six official cultural districts.

Tikijian Associates represented the seller, locally-based developer, Central Living. The seller built The Win in 2016-2017.

The buyer is CrestHawk Properties. Based in Englewood, Colorado. CrestHawk’s principal has developed more than 3,000 homes and several apartment communities in the Denver area. The buyer has chosen respected and locally based developer and manager The J.C. Hart Company to manage The Win. The acquisition, which closed in January, was the buyer’s first in Indiana.

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

Fax: 317-570-3677

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

Website: www.TAmulti.com

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