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Sterling Group Snags Apartments in Affluent Indy Suburb
CBRE arranged the sale of VER at Proscenium, a 196-unit, trophy mixed-use asset in the center of the affluent Indianapolis suburb of Carmel, IN to the Sterling Group for an undisclosed amount. The firm’s Steve LaMotte, Jr., Dane Wilson and Ross Wettersten represented the undisclosed seller.
Completed in 2021, VER at Proscenium is located at 1225 Veterans Way and features studio, one- and two-bedroom floorplans. Amenities include a resort-style swimming pool, state-of-the-art fitness center, pet spa, virtual sports simulator, co-working space and the metro area’s only fob-activated resident beer tap. The community has two restaurants onsite: Wahlburgers and 101 Beer Kitchen, with a third on the way.
“Despite significant market turbulence and a complex physical asset, CBRE procured 20 bids to purchase VER at Proscenium, a fitting demonstration of demand from sophisticated investment capital for the most notable multifamily transaction of the year in the Indianapolis metro,” said LaMotte.
- ◦Sale/Acquisition


