PRESS RELEASE | Tikijian Associates Sells 245 Units in Bloomington, IN - Home to Indiana University


Location: Bloomington, IN

Seller: Regency Multifamily
Buyer: Hunter Properties

Tikijian Associates is pleased to announce the sales of 153-unit Heritage Apartments and 92-unit Sassafras Hill Apartments, in Bloomington, IN.  Bloomington is home to Indiana University, a major university with enrollment of more than 43,000 students.

Tikijian Associates represented the seller, Champaign, Illinois based Regency Multifamily. Since its formation in 1974, Regency has purchased and developed over 15,000 apartments. In 2001, Regency successfully sold most of its portfolio to a national REIT. Today the company is again positioned for growth, and currently, has more than 3,000 apartments throughout the Midwest. The company, owns, manages and develops in select secondary and tertiary markets and is buying class A properties with several recent acquisitions.

The buyer was Hunter Properties, a real estate investment and management firm headquartered in Evanston, Illinois. The buyer’s portfolio includes several apartment properties in Lafayette, Indiana. These acquisitions were Hunter’s first in Bloomington. The properties will be managed by the buyer’s affiliated management company.

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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