The RADCO Companies completed the sale of a three-community, 1,426-unit portfolio in Indianapolis to Aion Partners. The portfolio traded for $108.5 million.
The portfolio is comprised of the following multifamily assets situated within Indianapolis: Ashford Georgetown, a 220-unit property at 5810 Sebring Dr.; Ashford Meridian Hills, a 728-unit property at 2085 Waterford Pl. and Creekside at Meridian Hills, a 478-unit property at 2100 Westlane Rd.
The deal represents the 79th transaction for RADCO during the current real estate cycle, bringing the firm’s total transaction volume to more than $2.77 billion in sales. A Cushman & Wakefield Indiana Multifamily Team comprised of George Tikijian, Hannah Ott and Cameron Benz brokered the transaction.
All three properties are located in Northwest Indianapolis and include newly renovated one-, two-, and three-bedroom apartment homes. Atlanta-based RADCO acquired the portfolio three years ago and performed extensive upgrades.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).