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Chicago & Midwest  + Midwest  + Apartments  |  September 29, 2023
CenterSquare Acquires MF Community, Continues Midwest Expansion
Jasmine Kilman
By: Jasmine Kilman

CenterSquare Acquires MF Community, Continues Midwest Expansion

CenterSquare Investment Management acquired Wynne Farms, a 50-unit build-to-rent (BTR) townhome community located in Brownsburg, Indiana, approximately 11 miles west of downtown Indianapolis. The property is comprised of 50 two-story townhome units, averaging more than 1,750 square feet.

CenterSquare’s SVP of Private Real Estate Chris Picyk, said, “Indianapolis is strategically positioned for sustained, steady growth. This investment underscores our confidence in the sector, as we introduce this property type in a location marked by limited new supply. Through this strategy, CenterSquare aims to offer affordable housing alternatives in thriving submarkets across the nation.”

Similar to the firm’s first local acquisition of Casey Corner, unit interiors include three-bedroom, two-and-a-half-bathroom floor plans and luxury amenities, including quartz countertops, and stainless steel appliances. Wynne Farms is currently under construction in collaboration with M/I Homes with deliveries scheduled to occur from September 2023 through February 2024.

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CenterSquareM/I Homes

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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