Indiana
2023 Apartment Forecast: Reasonable Rent Growth
The main headlines for multifamily news during the past couple of years were about enormous, record-breaking rent growth. Increased household… Read more
UMH Properties, Nuveen Real Estate Secure $15M Manufactured Housing Community in Sebring
A joint venture between Freehold, NJ-based UMH Properties, Inc. and Nuveen Real Estate has acquired Rum Runner, a newly developed… Read more
Evansville Dollar General Attracts 1031 Buyer
Marcus & Millichap has completed the sale of Dollar General, a 10,566-square-foot net-leased property located in Evansville, IN. The asset sold for $2,097,942. … Read more
BAM Capital Adds Garden Apartment Complex to Indianapolis Portfolio
BAM Capital, a multifamily syndication company based in Indianapolis, has acquired Gateway Crossing, a 160-unit garden-style apartment complex in Indianapolis, through its BAM Multifamily… Read more
Pangea Properties Strikes $600M Deal to Sell Its Chicago Apartment Holdings
Chicago-based Pangea Properties has agreed to sell the multifamily properties it owns locally to Emerald Empire, a real estate investment… Read more
Faris Lee Closes 1031 Deal for Indianapolis Strip Center
Faris Lee Investments has completed the $7.7-million sale of a 100% leased, eight tenant, 22,968-square-foot strip center, Fortune Park Shoppes,… Read more
Marcus & Millichap Closes Sale of Hammond, IN Storage Facility
Marcus & Millichap closed the sale of Alpha Storage, a multi-story facility currently with 68,277 rentable square feet of self-storage… Read more
Design Consultancy Kimley-Horn Expands Lease at Indianapolis Office Park
Kimley-Horn has agreed to a new lease renewal and expansion at Rubenstein Partners’ Parkwood Crossing development in Indianapolis. The planning… Read more
Connor Group Acquires Apartments in Indy’s Broad Ripple District
CBRE’s Steve LaMotte, Jr. and Dane Wilson arranged the sale of The Coil, a 151-unit multifamily property in Indianapolis. The… Read more
MDH Partners Obtains $67M Acquisition Financing Loan for 900K-SF Industrial Portfolio
Atlanta, GA-based MDH Partners has closed $67.4 million in first-mortgage acquisition financing to support the MDH Estrella portfolio, which comprises… Read more
Merchants Capital Provides HUD Financing on East Chicago Seniors Housing
Merchants Capital secured a $15.5-million U.S. Department of Housing and Urban Development (HUD) loan for Lakeshore Manor in East Chicago,… Read more
MAG Capital Partners Completes Sale-Leaseback of Industrial Portfolio
MAG Capital Partners, LLC, has completed the sale-leaseback acquisition of a three-property industrial portfolio with Royal Arc Welding, a leading… Read more
RevCT Acquires Pair of Indiana Workforce Housing Properties
Private real estate investment firm Revitate Cherry Tree (RevCT) acquired Walnut Trails, a 210-unit garden-style community in Elkhart, IN for $22.5… Read more
JVM Realty Forms Partnership for Multifamily Connectivity
JVM Realty Corp., a multifamily real estate investment and property management firm based in Oak Brook, IL, formed a partnership… Read more
Trio of Partners Joins Forces to Purchase $500M Southeast Multifamily Portfolio
Miami, FL-based 3650 REIT and St. Augustine, FL-based DLP Capital have partnered with Dallas, TX-based RREAF Holdings, LLC, on the… Read more
CBRE Promotes Four Indianapolis Pros to EVP
CBRE has promoted four members of its Indianapolis team to EVP. Terry Busch, Andrew Morris and Jeremy Woods have been… Read more
Merchants Capital Closes Tax Credit Equity Fund at $180M
Merchants Capital, headquartered in Carmel, IN, has closed Merchants Capital Tax Credit Equity Fund X, L.P. Fund X represents the… Read more
CRG Hires Former Duke Realty Acquisitions Team
Chicago-based CRG, the development and investment management arm of Clayco, has hired the leadership team responsible for acquisitions at Duke… Read more
QSR Pad Site Sales Set Indiana Cap Rate Records
Hanley Investment Group Real Estate Advisors arranged the pre-sales of three high-profile, single-tenant quick-service drive-thru restaurant pads to a Home Depot… Read more