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Chicago & Midwest  + Midwest  + Apartments  |  September 28, 2026
Jasmine Kilman
By: Jasmine Kilman

Marcus & Millichap Arranges Sale of 206-Unit Indiana MF Property

Marcus & Millichap announced the sale of Shoaff Park Villas, a 206-unit multifamily property in Fort Wayne, Indiana. 

“Shoaff Park Villas presented a rare opportunity as it was the first time the property had been offered for sale since 1976 after being owned by the same family for 50 years,” said Jack Friskney, director of investments. “The buyer plans to complete larger-scale interior renovations, positioning the property to capture future rental growth in a market supported by steady population gains and long-term affordability.”

Friskney, Aaron Kuroiwa and Austin Meeker, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller, Shoaff Park Villas Apartments Inc. and procured the buyer, an Illinois-based investor with a regional portfolio in northern Indiana and southern Michigan. 

Located at 4604 Jason Drive, Shoaff Park Villas consists of 24 studio apartments, 130 one-bedroom, one-bath units and 52 two-bedroom, one-bath units.

Read More News Stories About: Marcus & Millichap
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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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