
RADCO Trades Indianapolis Portfolio for $109M
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.
- ◦Sale