Lawrence Landing can be purchased with:

Hermitage (280 units) More Information

Coldwater Flats (271 units) More Information

1 RENOVATED COMMUNITY - 6.8% YR1 CAP / 5.9% T-3 CAP

Lawrence Landing is available at a 5.9% Trailing 3 Cap Rate and a 6.8% Cap Rate on Year 1 (with no additional renovations). The community offers reliable cash flow and a strong return immediately and can be purchased free & clear. The current owner has spent more than $5M on property renovations.

The new owner can continue to burn off the Loss to Lease and has been proven by the most recent leases which are $186 higher than legacy leases. In 2020, revenue grew by more than 7% which was organic rent growth and not as a result of unit upgrades. Washer/Dryer connections can be added to the 108 one-bedroom units to achieve a $50+ monthly premium.

70% of units offer washer/dryer connections and are a spacious 2 Bedroom/ 1.5 Bath Floorplan. Amenities include a fitness center, business center with free wifi, sparkling saltwater pool and sand volleyball court. A large lake that runs through the middle of the community offers beautiful lake views.

Located directly on Shadeland Ave, a main north-south thoroughfare, Lawrence Landing offers residents easy access to ample nearby employment. The eastside of Indy has demonstrated high mid 90%s occupancy for many years and rental income growth of 25% since 2013.

Lawrence Landing can be purchased with Hermitage (280 units in Indianapolis, IN) and Coldwater Flats (271 units in Evansville, IN) for a total portfolio of 905 units, offering immediate presence and economies of scale. The properties may also be purchased individually.

5.2% T-3 CAP RATE + DEMONSTRATED HIGH DEMAND

Legacy Park is offered at an attractive 5.2% T-3 Cap Rate, 5.8% Year One Cap Rate (without renovations) and a 6.2% Post Reno Forecast Cap Rate (including the cost of upgrades). The demand to live here is evidenced by consistently high occupancy—95%+ since 2022, and low bad debt. The average market rent has jumped 29.5% from April '21 to May '23.

PARTIALLY RENOVATED WITH REMAINING UPSIDE

The current owner has added amenities and partially upgraded all units. Enhancing the unit interiors further and adding more amenities could command an average rent premium of $270. With the proposed rent premiums post renovation, rents will still be under The Arbuckle and Union Green (newer, nearby competing properties). The recently implemented mandatory internet fee will also provide $100K in additional annual revenue.

SUBURBAN ASSET WITH SUPERIOR FEATURES

Legacy Park is tucked away on a low density site with lush landscaping, plenty of green space and great curb appeal. Interiors are well-appointed with 9' ceilings, washer/dryer, granite counters, wine rack and ample closet space. Select units have a fireplace, built-in desk and direct access garage. Adding to the current popular amenities and renovating units will only add to the appeal of Legacy Park.

RAPID GROWTH + HIGH RANKED BROWNSBURG

Legacy Park takes advantage of its stellar location with 63% population growth and an average household income of $133K+ (one-mile radius). Brownsburg continually ranks nationally among the best places to live and is among Indiana's fastest-growing, high-end counties (Hendricks). Residents benefit from close proximity to healthcare, logistics and advanced manufacturing employers.

The Lenox is an exceptionally well-maintained 200-unit apartment community located on the popular northeast side of Indianapolis. Built as a luxury community in 1972, the property consists of nine brick, two-story residential buildings and an office / clubhouse. The large clubhouse contains a community room with fully-equipped kitchen and fireplace, 24-hour fitness center, and a business center with free wi-fi. In addition to the clubhouse, community amenities include a pool with sundeck, playground, laundry facilities in each building, garages and carports, and available extra resident storage.

Lenox can be purchased with:

Eclipse (296 units) More Information

Connect (336 units) More Information

View at 79th (148 units) More Information

Lexington Park is a 362-unit apartment community on Indianapolis’ east side.

Built in 1967, the property consists of 35 two-story residential buildings and a clubhouse on approximately 23 acres. The property offers a variety of floor plans - 1 and 2-bedroom flats, 2 bedroom townhomes and one 3-bedroom townhome. All of the townhome units (with the exception of 7 units) have washer/dryer hook-ups.

The location of Lexington Park offers easy access to interstate 70; making it convenient for residents to access I-465, I-74 and I-65 within just minutes of the property. The Indianapolis CBD, with its vibrant downtown cultural and entertainment attractions and a 30,000 student university (IUPUI), is only a 15-20 minute drive from the property via I-70.

The Cushman & Wakefield Multifamily Advisory Group is pleased to present the exclusive listing of Liberty Center, a 238-unit, 2016-built apartment community made up of two distinct buildings - The Grant and The Fillmore. Located in the heart of a landmark town center Liberty Center fuses luxury living, dynamic dining, best-in-class retail and engaging entertainment within an active and connected urban neighborhood.

The acquisition of Liberty Center Apartments (The Grant & The Fillmore) represents an opportunity to own in what is arguably one of the most vibrant mixed-use neighborhoods in the nation. The property offers everything high-income dwellers are looking for - from high-end unit finishes to an upscale restaurant and retail destination.

For access to confidential documents, please register at: libertycenterapts-cw.com

The Liberty Center Apartments attached Net Leased Liberty Center Retail is also being offered for sale as part of a separate offering. For more information about the Liberty Center Retail, visit the site: Here

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Linden Square, a 298-unit, 2001 & 2015-built apartment community located in very desirable Town of Avon, a growing Indianapolis suburb.

Linden Square is located in one of Indiana’s hottest fastest growing submarkets. Hendricks County is among the country’s fastest-growing and offers residents an exceptionally high quality of life. Units at Linden Square already offer desirable features including 9, 10 or 12 foot ceilings, in unit laundry and open floorplans. Enhancing these finishes will allow for rent premiums of $130+.

Lodge at Trails Edge is a 268-unit luxury apartment community located in the popular Nora/Castleton area on Indianapolis’ affluent far north side. The community was originally built in 1981. In 2001 a building with twenty units was added. Situated on 20 well-landscaped acres, the property has great curb appeal and offers its residents a truly park-like setting and that includes a lake with two fountains, many mature trees, and ample green space. The immensely popular Monon Trail runs along the property’s western edge.

The site includes the clubhouse/office/amenity building, a shop, and 13 residential buildings. Lodge at Trails Edge offers a mix of 136 one-bedroom flats and 132 two-bedroom flats. Features vary by unit type but include attractive floor plans with kitchens with breakfast bar, ample pantry space, a full appliance package, private patios and/or balconies, and oversized closets..

Ninety-six units have fireplaces; sixty-one units have washer/dryer hookups, and seventy-two units overlook the central lake and its two fountains.

M Club Apartments, 388 units on Indy’s northeast side, is being offered for sale both individually or as part of a 3 property portfolio totaling 849 units. Portfolio buyers will have the opportunity to have an immediate sizable presence in Indy and benefit from economies of scale. However, the purchase of M Club as a stand-alone property is also an excellent option, with almost 400 units in one location. M Club offers a mix of studios, one bedroom and two bedroom units. The current owner has renovated approximately 20% units and proven rent premiums of up to $150 / month.

Located on the northeast side of Indy, M Club residents enjoy exceptionally easy access to Castleton, Fort Benjamin Harrison, and Downtown Indy is only 20 minutes away. M Club (and the entire portfolio) is being offered free and clear.

For more information on the other properties available in the portfolio, click below:

Retreat Northwest Offering Memorandum

Aura Offering Memorandum

The Cushman & Wakefield Midwest Multifamily Advisory Group is pleased to present the exclusive listing of Main Street Village, a 400-unit, 2001/2003-built apartment community located in Granger, IN, a high-end area of South Bend.

The acquisition of Main Street Village offers buyers the opportunity to purchase a 2000’s built property in one of the most affluent populations in northern Indiana. The current owner has demonstrated the ability to increase rents through unit upgrades and the current rents are below the nearby competition. With more than 200 units still available to upgrade, a new owner has the ability to continue to increase revenue. Main Street caters well to the high-income population and offers a comprehensive amenity set and a variety of high-end unit finishes. The property is available free and clear.

For access to confidential documents, please register at: mainstreetvillage-cw.com

Mariners Village is a 244-unit apartment community located on Indianapolis’ suburban west side just outside of Indianapolis’ interstate loop. The property sits on a tranquil 60-acre springfed lake which offers scenic views from the property’s pool, deck, and from a number of units. Built in 1978, the community consists of fourteen residential buildings and a clubhouse, situated on almost 16 acres.

Mariners Village offers a variety of unit types, including 40 studio units in two floor plans (20 with popular lofts); 102 one-bedroom units (34 with lofts), and 102 two-bedroom units (34 with lofts). Unit features vary by type but include generous floor plans, private patios or balconies, kitchen pantries and large closets.

Community amenities include the clubhouse with community room, fitness center and saunas; the swimming pool with a large deck overlooking the lake, a jogging/walking path, dog park, picnic areas, laundry facilities on the first and second floor of every hall, and available covered parking.

The Mark at Fishers District, a 260-unit, 2020-built apartment community located in the heart of vibrant and growing Fishers.

The property offers everything high-income dwellers are looking for; walkability to Fishers’ best dining and retail, the most luxurious and comprehensive amenity set, high-end unit finishes, and convenience to employment.

For access to confidential documents, please register at: MarkatFishersDistrict-CW.com

5.8% TRAILING CAP RATE + 100% OCCUPIED

Melrose Place is being offered at a high 5.8% trailing cap rate and is currently 100% occupied. The property is well-positioned for increased revenue by raising rents on new leases.

RENOVATED TURN KEY PROPERTY

A new owner can step in and operate the property as is with several improvements completed including all new HVAC units, water heaters, landscaping and balconies. All units have new modern cabinetry, quartz countertops, black appliances, plumbing and light fixtures, LVT flooring, two-tone paint scheme and in unit washer/dryer.

$2B LILLY INVESTMENT BRINGING 500 NEW JOBS

A transformational development is taking place with the largest investment to date in Lebanon. The LEAP Lebanon Innovation and Research District, a planned 7,000+ acre high-tech business park, has acquired its first tenant. Eli Lilly plans to invest $2.1 Billion to build two new manufacturing sites and bring up to 500 new jobs to the city.

GREAT LOCATION IN LEBANON (BOONE COUNTY)

The property is within walking distance to dining and shopping options in downtown Lebanon, and is close to major employers including Subaru, Skjodt-Barrett Foods, Festool (HQ) and Hachette Book Group. Lebanon is the county seat of Boone County—the fastest-growing county, and one of the most affluent, in Indiana.

CONVENIENT ACCESS TO INDIANAPOLIS & LAFAYETTE

Located in central Indiana, Lebanon is convenient to abundant employment and amenities in Indianapolis (±11 miles southeast) and Lafayette (Home of Purdue University, ±33 miles northwest). Both cities are accessible from Interstate 65, just one mile west of Melrose Place.

PORTFOLIO OPPORTUNITY SOLD BY LONG-TERM OWNER

Meridian Court South is a well-performing property being offered free and clear by the long-term owner. Meridian Court South can be purchased individually, or as a portfolio with the 532-unit Spinnaker Court to achieve scale with 821 total units.

CLEAR PATH TO SUBSTANTIALLY INCREASE REVENUE

At 98% occupancy, the property is primed for substantial increases to rents and income. This can be achieved by implementing water/sewer billback, lake view and W/D connection premiums, upgrading all 289 mainly original units, and adding amenities. Current rents trail the market by an average of $190+. Nearby properties have completed upgrades and are achieving significantly higher rents. A new owner could also simply continue to operate the properties as is without upgrades.

WELL MAINTAINED WITH DESIRABLE PROPERTY FEATURES

Significant improvements have recently been completed to this all brick property including replacement of all windows and sliders, new exterior doors, light poles, pool furniture, addition of two bark parks, fitness equipment, and more. Residents enjoy the maintained concrete streets throughout and the serene, park-like setting heavily wooded with mature trees and several lakes.

UPSCALE, GROWING SOUTH SIDE SUBURB

The property is under two miles from the city of Greenwood, a sought-after south suburb of Indianapolis enjoying 57% population growth since 2000. The affluent White River Township, immediately south boasts an average household income of $121K. The area is also known for well-performing schools and proximity to downtown Indianapolis and Columbus, offering numerous employment opportunities for residents.

HIGH TRAFFIC LOCATION WITH AREA'S BEST AMENITIES

The property has great visibility along the high-traffic SR-135. Residents benefit from immediate access to SR-135 and close-by US-31—dense corridors filled with the south side’s best shopping, dining and entertainment options. The popular Greenwood Park Mall, containing 1.2 million sf and more than 150 retailers, is less than three miles away.

Meridian Court South can be purchased individually, or as a portfolio with Spinnaker Court:

5.7% Cap - 2000 Built Property - $105K/Unit

Mill Pond offers the rare opportunity to purchase a 2000s built well maintained asset with a 5.7% going-in cap rate and at a low $105K/unit basis with upside potential.

A new owner has the opportunity to continue to upgrade units and add and enhance the amenity set. Proven rent premiums for upgraded units are up to $385.

The northeast side of Muncie is the highest-end area of the city with average household incomes of $74,000+ . The location offers nearly instant access to and viability on McGalliard Rd, the city's main commercial corridor.

A $1.5M+ capital infusion included extensive interior renovations with all new luxury-level finishes, new kitchens and baths, and new LVP flooring in 14 units. Other improvements included 100% roof replacement, hallways updates and more.

Muncie is best known for its medical and educational institutions. Ball State University boasts 22,000 students and is the state's most prestigious school for education and architecture. Ball Memorial Hospital is a teaching hospital and the city's only hospital.