9.25.2018

PRESS RELEASE | Tikijian Associates Arranges Sale of 240-Unit Double Creek Flats Apartments in Plainfield, IN


Location: Plainfield, IN

Seller: Affiliate of Domo Development, LLC
Buyer: Steadfast Apartment REIT III, LLC

Tikijian Associates is pleased to announce the sale of 240-unit Double Creek Flats, a new, Class A, luxury community located in Plainfield, Indiana, a growing suburban community just west of Indianapolis

Tikijian Associates represented the seller, Domo Development. Domo is a developer of class A luxury apartment communities with properties in the Indianapolis area as well Fort Wayne and Lafayette, Indiana.

Double Creek Flats was completed in 2016 and experienced a very successful lease-up. The community was managed for the seller by Indianapolis-based Flaherty & Collins.

The buyer Steadfast Apartment REIT III, is based in Irvine, California. The acquisition was the buyer’s seventh multifamily investment in the Greater Indianapolis Metro area. Steadfast is an active apartment operator throughout the country with a portfolio under their management / ownership of approximately $5.0 billion with over 38,000 units in 23 states. 

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.

Click here for a Double Creek Image

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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