The Plymouth Portfolio totals 190 units, consisting of four properties: Webster Apartments (72 units), Pal Apartments (40 units), Skylane Apartments (70 units) and Homestead Apartments (8 units). Located in Plymouth, IN, the properties stretch from the southern edge to the north side of the city but are all located within a 5 minute drive. Residents at the southern most property, Webster, enjoy a quiet landscape while the northern properties (Pal, Homestead, Skylane) are the epitome of convenience – within walking distance to retailers and grocers and easy access to US-30 for commuters.

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Plymouth Portfolio (4 properties, 190 units)
Homestead Apartments - Plymouth
8 Units
285 Skylane Drive
Plymouth, IN  46263
Closed: 6/29/2018
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Hoosier Court
139 Units
1609 N. Kinser Pike
Bloomington, IN  47404
Closed: 2/26/2018

Garden Pointe Apartments was originally built in 1973. The property received a very substantial renovation in 1992. At that time all windows, patio door and roofs were replaced. All units were fully upgraded in 1992 as well. The 1992 renovation included creating open concept kitchen layouts, adding washer / dryer connections to 50% of units (all second-floor units), new cabinetry, appliances, light fixtures and flooring. The current owner purchased Garden Pointe from a “distressed owner” in cooperation with their lender (since their loan was in default). At the time of their purchase the property has substantial physical need. The current owner has spent over $1.7M in the past year completing property renovations to bring all units back on line. One of the fourteen buildings (Building M) was down and has now been completely renovated. All 32 units in building M are now branded the LUX style and have high-end finishes that include quartz countertops, new wood cabinets, black appliances, nickel light and plumbing fixtures, paneled doors, vinyl plank flooring and a new trim package. These 32 units also received new HVAC systems, windows and patio doors.

In addition to the 32 LUX units, there are 12 units throughout the property that were previously down and now have all new interior unit finishes.

The acquisition of Garden Pointe Apartments offers a new owner the opportunity to continue to upgrade units and achieve rent premiums. Current rents trail the market by $25 - $105. The large clubhouse and expansive grounds allow for enhancements to the amenities in addition to upgrading the units.

Garden Pointe is being offered free and clear for an attractive price of $17,000,000 / $55,920 per unit.

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Hunters Run
304 Units
5005 Lily Lane
Indianapolis, IN  46254
Type: Conventional
Closed: 11/10/2016
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Island Club
314 Units
7938 Island Club Drive
Indianapolis, IN  46214
Closed: 1/10/2017
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Knights Landing
198 Units
2036 N. Walnut
Bloomington, IN  47404
Type: Conventional
Closed: 10/2/2017
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LaCabreah
240 Units
7130 LaCabreah Drive
Brownsburg, IN  46112
Closed: 6/28/2017
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Lake Castleton
1261 Units
7601 Carlton Arms Drive
Indianapolis, IN  46256
Closed: 6/19/2017
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Laurel Lake
208 Units
8860 S. Saint Peter Street
Indianapolis, IN  46227
Type: Conventional
Closed: 3/23/2017

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.

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Lenox
200 Units
5421 Calder Way
Indianapolis, IN  46226
Type: Conventional
Closed: 11/30/2018

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.

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Lexington Park
362 Units
9027 E. 39th Place
Indianapolis, IN  46236
Type: Conventional
Closed: 7/19/2018

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.

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Lodge at Trails Edge
268 Units
9535 Benchmark Drive
Indianapolis, IN  46240
Type: Conventional
Closed: 12/21/2018
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Madison Village
206 Units
1819 Madison Village Dr
Indianapolis, IN  46227
Type: Conventional
Closed: 5/24/2016
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Maple Creek Village
247 Units
3800 W. Michigan Street
Indianapolis, IN  46222
Closed: 5/22/2018
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Mariners Village
244 Units
7135 Islander Drive
Indianapolis, IN  46214
Closed: 12/30/2016
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McCormick Place
222 Units
2110 McCormick Road
West Lafayette, IN  47906
Type: Student
Closed: 6/13/2017
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Meadowlawn
122 Units
1930 S. Goyer Road
Kokomo, IN  46902
Type: Conventional
Closed: 5/18/2016

Oak Park is a 163-unit apartment community exceptionally well located on the south side of Indianapolis just north of the desirable suburb of Greenwood. The community was built in 1964 but has been recently updated. In 2016, the property received significant updates and improvements. All windows were replaced and 50%+/- of the roofs were replaced. Common area hallways were renovated with new flooring, painting and lighting. The community’s clubhouse was extensively renovated, and a new fitness center was added. 31 Units have been fully upgraded with all new interior finishes (cabinets, countertops, appliances, flooring and fixtures).

The community offers spacious units with an average unit size of 1,079 square feet. Oak Park has an attractive unit mix with one Studio / Cottage, 50 one-bedroom flats and 112 two-bedroom flats. The property’s 17 acres feature many mature trees and ample green space. Community amenities include a clubhouse/community center with 24-hour fitness center, a swimming pool and sundeck. Unit features include attractive, spacious floor plans, fully-equipped kitchens, private patios or balconies in all units. Select units offer washer / dryer hookups.

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Oak Park
162 Units
8424 Madison Avenue
Indianapolis, IN  46217
Type: Conventional
Closed: 10/25/2018

Oakbrook Park Apartments, located on the desirable north side of Indianapolis, offers buyers the opportunity to purchase a stable, partially renovated property in a solid B location with the demonstrated ability to renovate units and achieve rent premiums.

The property was originally built in 1978 and has received numerous renovations and updates over the years. In 2010 / 2011, a previous owner completed over $1.3M in property renovations/upgrades. These renovations included the replacement of all windows, common area hallway upgrades, full property exterior painting, replacement of 4 roofs, addition of a new fitness facility, yoga studio and business center, clubhouse renovation, installation of a bark park and sand volleyball court, new landscaping and property signage and the updating of 153 apartment units (87 partially renovated and 66 fully renovated units).

The current owner has continued to invest in the property and spent over $1.5M since 2015 in capital improvements. A major project completed by the current owner was the conversion of a previous commercial building. This building was fully renovated and converted into 12 additional apartments. These 12 units have brand new finishes and feel like new construction product. These “new” units are highly sought after and demonstrate the demand for units with higher end finishes and higher rents. Further proving the case for continued unit upgrades, the previous owner fully renovated 66 units in 2011+/- and these units still lease for $50 - $125 more.

Oakbrook Park is being sold free and clear or with the potential to assume the existing debt (assumption NOT required).

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Oakbrook Park
256 Units
1808 Century Way
Indianapolis, IN  46260
Type: Conventional
Closed: 5/30/2019

Overture Flats was completed in 2017 and includes 262 units comprised of one-, two- and threebedroom luxury apartments with six bright, open floor plans and variety of residentfriendly amenities in this resort-like community.

Overture Flats offers A-class amenities such as a beautifully appointed clubhouse with a full kitchen, lounge, game room and conference room, outdoor living space with fire pit and gas grills, swimming pool with sundeck, 24-hour fitness center, leash-free dog park, garages and responsive on-site management.

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Overture Flats
262 Units
110 Opus Lane
Lafayette, IN  47905
Type: Conventional
Closed: 7/9/2018

The Plymouth Portfolio totals 190 units, consisting of four properties: Webster Apartments (72 units), Pal Apartments (40 units), Skylane Apartments (70 units) and Homestead Apartments (8 units). Located in Plymouth, IN, the properties stretch from the southern edge to the north side of the city but are all located within a 5 minute drive. Residents at the southern most property, Webster, enjoy a quiet landscape while the northern properties (Pal, Homestead, Skylane) are the epitome of convenience – within walking distance to retailers and grocers and easy access to US-30 for commuters.

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Plymouth Portfolio (4 properties, 190 units)
Pal Apartments - Plymouth
40 Units
310 Skylane Drive
Plymouth, IN  46563
Type: Conventional
Closed: 6/29/2018
Sold
Park Madison
56 Units
614 Park Madison Drive
Greenwood, IN  46142
Type: Conventional
Closed: 1/31/2017

Pheasant Run is a 2002 built property located in a desirable infill location that benefits from limited nearby competition. While well maintained, the property has largely original finishes and amenities and offers the ability to increase revenue with untapped renovation opportunities. The existing unit layouts and features can be easily enhanced and result in premiums of more than $110-$330 / month. With 9-foot ceilings, each floorplan offers spacious living areas and washer/dryer hook ups.

Located in Warren Township, on the southeast side of Indianapolis, Pheasant Run enjoys exceptionally easy and convenient access to downtown Indianapolis, local restaurants, employment and medical facilities.

Offered Free and Clear, the property’s stable financial performance will allow for the most competitive and attractive new debt structure.

Pheasant Run can be purchased individually or as part of a 600 unit, 3 property portfolio to include English Village – 208 Units and Echo Ridge 208 Units.

All three properties are located on the south eastside of Indianapolis and a portfolio purchases offers economies of scale.

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Pheasant Run
208 Units
7925 Palawan Drive
Indianapolis, IN  46239
Type: Conventional
Closed: 6/27/2019
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Pinewood Village
81 Units
5400 W. 10th Street
Indianapolis, IN  46224
Closed: 3/30/2018

Regency Court is a 125 unit community, located at 1616 S Henderson Street in Bloomington, Indiana. The property is located just east of Walnut Street, a high traffic north/south thoroughfare running directly through Downtown Bloomington. The city bus, Route 7, stops at the Regency Court entrance and conveniently takes residents north (to downtown and the Indiana University Campus) or south (to the Walnut Street Shopping Centers). The community is also walking distance from Bloomington South High School and Templeton Elementary School.

Regency Court is made up of 36 one bedroom apartments, 14 two bedroom townhomes, 30 three bedroom townhomes, and 28 four bedroom townhomes. Also, there are 4 duplexes, 1 two bedroom house, 1 three bedroom house, and 7 five bedroom homes. All units have washers and dryers.

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Regency Court
125 Units
1616 S Henderson St
Bloomington, IN  47401
Type: Conventional
Closed: 11/27/2018