Latest Tweets

Latest Blog Entries

FOR SALE | 1990's Property with Value-Add Opportunity | Indianapolis, IN | 122 Units

Read more

PRESS RELEASE | Tikijian Associates Brokers the Largest Multifamily Portfolio Sale in Indianapolis
Tikijian Associates Brokers the Largest Multifamily Portfolio Sale in Indianapolis

Location: Indianapolis, IN

Seller: Hampshire Properties

Buyer: The Wilkinson Corporation

Tikijian Associates is pleased to have arranged the sale of a five-property portfolio totaling 1,983 units in Indianapolis. The sale is believed to be the largest portfolio sale to a single buyer in Indianapolis in this millennium.

The portfolio consists of the following Indianapolis communities:
Westlake – 1,381 units
Woods Edge – 190 units
Wind Drift – 166 units
Villa Nova – 126 units
Riverwood – 120 units

The sale included Indianapolis’ largest apartment community, Westlake Apartments with 1,381 units.

Tikijian Associates represented the seller, Hampshire Properties headquartered in Brooklyn, New York. The seller acquired the properties in multiple transactions in 2008 from Aimco when the large REIT decided to exit several Midwestern states.

The properties have been managed by Flaherty and Collins, a well-respected property management firm based in Indianapolis.

The buyer was The Wilkinson Corporation, based in Yakima, Washington. Since its founding in 1991, Wilkinson has acquired more than 120 properties, developed or co-developed sixteen more, and has a portfolio valued at over $1.7 billion. The buyer plans over $29M in capital investment including upgrades of unit interiors and common areas as well as enhancement of amenities.

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana. The sale of the five property portfolio brings the firm’s sold property total to 28 in 2018, totaling over 7,300 units and more than $550 million in value.

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

Read more

PRESS RELEASE | Tikijian Arranges Sale of Four Property Portfolio Totaling 1,427 Units in Indianapolis

Tikijian Arranges Sale of Four Property Portfolio Totaling 1,427 Units in Indianapolis

Location: Indianapolis, IN

Seller: Shamrock Communities
Buyer: The RADCO Companies

Tikijian Associates is pleased to have arranged the sale of a four property portfolio totaling 1,427 units in Indianapolis. The portfolio consisted of the following communities:
             Villas of Meridian Hills – 576 units
             Viewpointe on Westlane - 478 units
             Crossings at 5810 – 220 units
             Flats at Meridian Hills – 153 units

Tikijian Associates represented the seller, Shamrock Communities.

The buyer was Atlanta-based The RADCO Companies. Founded in 1994, RADCO now owns more than 50 apartment communities in nine states totaling almost 19,000 units. The buyer plans significant capital investment in the properties, including upgrades of unit interiors and common areas and enhancement of amenities.

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
Read more

PRESS RELEASE | Tikijian Associates Sells 116-Unit Senior Apartment Community in Indianapolis

Tikijian Associates Arranges Sale of 116-Unit Senior Apartment Community in Indianapolis

Location: Indianapolis, IN

Seller: CS Acquisition Group 
Buyer: Kent Avenue Group

Tikijian Associates is pleased to announce the sale of Atrium Village Apartments, a 116-unit senior community on the east side of Indianapolis. The community was developed in 1981 and 1982 by Lou Jenn, inventor of the Jenn-Air indoor grill.

Tikijian Associates represented the seller, CS Acquisitions, an owner and manager based in Lakewood, New Jersey.

The buyer was Kent Avenue Group based in Milwaukee, Wisconsin. The buyer owns and manages two additional apartment communities in Indianapolis.

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
Read more

FOR SALE | 272 Units | Indianapolis, IN | 6.5% In-Place Cap Rate | Value-Add Opportunity

Read more

PRESS RELEASE | Tikijian Associates Arranges Sale of 192-Unit Apartment Community in Greenwood, Indiana

Tikijian Associates Arranges Sale of 192-Unit Apartment Community in Greenwood, Indiana

Location: Greenwood, IN

Seller: New York Private Equity Group

Buyer: Summit Equity Investments

Tikijian Associates is pleased to announce the sale of Auburn Place Apartments, a 192-unit community located in Greenwood, a popular southern suburb of Indianapolis

Tikijian Associates represented the seller, a New York private equity group whose holdings include multifamily properties in Indiana and several other Midwestern, eastern and southeastern states.

The buyer was an affiliate of Summit Equity Investments, Inc., based in Los Angeles. Founded in 2009, Summit is a second-generation family office, investor and investment manager. The Company seeks properties offering potential to add value in strong secondary markets throughout the US. The acquisition was Summit’s fifth in the greater Indianapolis area.

The continued strong demand for multifamily assets in the Indianapolis market was demonstrated by the sixteen offers received, several of which were at or above pricing guidance. Many investors continue to focus on well-located assets, like Auburn Place, that offer an opportunity to enhance rental revenue through upgrades to unit interiors and amenities. 

Tikijian Associates is a market-leading boutique brokerage firm specializing exclusively in the sale of multifamily properties throughout Indiana. The sale of Auburn Place was the company’s twenty-second sale in 2018, totaling over 5,100 units and more than $310,000,000 in value.

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
Read more

FOR SALE | Lake Front Apartments with Value-Add Opportunity | Affluent Indy Suburb | 104 Units
CLICK HERE for more information

Read more

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
Read more

FOR SALE | 192 Units | Evansville, IN

Read more

FOR SALE | 192 Units | 8.0%+ In-Place Cap Rate | A- Location | Well Maintained w/ Upside

Read more