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CenterSquare Enters Indianapolis Market with MF Property Acquisition

CenterSquare Enters Indianapolis Market with MF Property Acquisition

CenterSquare Investment Management acquired Casey Corner, an 80-unit build-to-rent (BTR) townhome community in Westfield, Indiana. The property represents CenterSquare’s debut BTR investment in the market, and the community is located near downtown Indianapolis with easy access to the I-465 Beltway.

Casey Corner is comprised of two-story townhome units, with an average size exceeding 1,750 square feet. These units consist of three bedrooms, two-and-a-half bathrooms, and attached two-car garages. The acquisition of completed homes will unfold in stages that reflect the project’s progress, with the initial homes acquired in August 2023, and the final deliveries targeted for February 2024.

“CenterSquare places high value on quality, flexibility, and community, recognizing the growing demand for homeownership alternatives,” said Chris Picyk, Senior Vice President of Private Real Estate. “This investment not only signifies our confidence in the build-to-rent single-family rental sector, but demonstrates our desire to provide attainable housing in growing submarkets of the country.”


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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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