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Park Madison
56 Units
614 Park Madison Drive
Greenwood, IN  46142
Type: Conventional
Closed: 1/31/2017
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Indy 5 Property Portfolio (5 properties, 1,983 units)
Parkside at Castleton Square
190 Units
6401 Woods Edge N. Drive
Indianapolis, IN  46250
Type: Conventional
Closed: 10/31/2018

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
Sold
Plato's Court
198 Units
2036 N. Walnut
Bloomington, IN  47404
Type: Conventional
Closed: 10/2/2017
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Indy 5 Property Portfolio (5 properties, 1,983 units)
Preserve on Allisonville
120 Units
5830 Riverwood Drive
Indianapolis, IN  46250
Type: Conventional
Closed: 10/31/2018

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
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Scatterfield Villas
56 Units
1732 E. 50th St., Apt. A
Anderson, IN  46013
Type: Conventional
Closed: 12/6/2017

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)
Skylane Apartments - Plymouth
70 Units
290 Skylane Drive
Plymouth, IN  46563
Type: Conventional
Closed: 6/29/2018

Southport offers buyers the opportunity to purchase a stable, partially renovated property in a solid B location.

Southport Crossing is located in Southport, a the well-regarded southern suburb of Indianapolis. 206 units have already been fully upgraded and demonstrate the ability to achieve higher rent. 122 units are partially renovated providing buyers with the ability to further upgrade these units and charge and additional $50 - $80 per month.

Southport Crossing is being offered free and clear.

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Southport Crossing
328 Units
1451 E Southport Road
Indianapolis, IN  46227
Type: Conventional
Closed: 5/31/2019
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Springhill
304 Units
6495 Piping Rock Lane
Indianapolis, IN  46254
Closed: 6/22/2017

Spyglass is a 120-unit apartment community exceptionally well located on Indianapolis’ far north side. The community was built in 1979 and has been very well maintained. The property has a history of high occupancy.

The community offers an attractive mix of 36 one-bedroom flats, 32 two-bedroom flats, 28 two-bedroom townhomes, and 24 three-bedroom townhomes. The property’s 16.48 acres features many mature trees and ample green space.

Community amenities include a clubhouse/community center with 24-hour fitness center, business center and free tanning; a swimming pool and sundeck; a picnic area; tennis court; and playground. The community offers 50 covered parking spaces for an additional rental.

Unit features vary by unit type but include attractive, spacious floor plans, fully-equipped kitchens, private patios or balconies, washer/dryer hookups (in all units except the one-bedrooms), walk-in closets, in-unit storage and wood-burning fireplaces. Select units have attractive lake views

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Spyglass
120 Units
8320 Spyglass Drive
Indianapolis, IN  46260
Type: Conventional
Closed: 4/9/2019
Sold
Stonebrook of Franklin
46 Units
217 Harmony Hill Rd
Franklin, IN  46131
Type: Conventional
Closed: 9/22/2017

Stonybrook Commons is a 122-unit apartment community located on Indianapolis’ suburban east side. The property consists of an office/clubhouse and seven residential buildings situated on over 13.5 acres with ample green space and mature trees. Buildings are two-story with attractive all-brick exteriors, vinyl shutters and wood balconies. Roofs are pitched with composite shingles.

The community offers 56 Two Bedroom flats (in two floor plans) and 66 Three Bedroom flats (also in two floor plans). Units are spacious, averaging 1,022 square feet. All units include large closets, fully-equipped kitchens including dishwasher and microwave, full-size washer/dryer connections, a private patio or balcony, and an outside storage closet.

Community amenities include a clubhouse with a community room for private parties, a picnic pavilion, a playground, bike racks and an on-site laundry center. The property is also less than one mile from Grassy Creek Park, as 175 acre Indianapolis Public Park located near German Church & 30th Street.

The property is located within the respected Warren Township School system.

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Stonybrook Commons
122 Units
3036 Redskin Drive
Indianapolis, IN  46235
Type: Conventional
Closed: 6/4/2019
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Summit at Keystone
455 Units
6630 Glenbrook Drive
Indianapolis, IN  46220
Type: Conventional
Closed: 3/30/2017

Eco Square is a 108-unit garden apartment community on the southeast side of Evansville, Indiana. Built in 1966, the property is comprised of eleven two-story residential buildings. Buildings have brick exteriors with mansard roofs. All windows have been replaced since original construction. Eco Square is named to reflect its environmental and sustainability focus. Residents enjoy eco-friendly living amenities such as community gardening and composting and on-site recycling. Many units have energy saving light bulbs and low-flow water devices. The community offers a resortstyle swimming pool, a large, well landscaped courtyard, grilling areas and bike stations.

With the exception of one efficiency unit, the property consists of 107 Two Bedroom/One bath units with identical 825 square foot floor plans. The leasing office and maintenance shop are located in one of the Two Bedroom units.

Units feature large living rooms and walk in closets in the master bedrooms.

Terra Trace is an 84-unit garden apartment community on the east side of Evansville, Indiana. The property was built in 1978 and is comprised of eleven two-story residential buildings and a single story clubhouse/ office. Building exteriors are brick and new vinyl siding (installed in 2013). Roofs are pitched with composite shingles. Nine roofs were replaced in 2013-2014. Other recent capital improvements include replacement of balconies, new signage, new landscaping and hallway refurbishment. This refurbishment included painting, new light fixtures and new flooring at stair landings in all twenty-two halls and carpet in ten halls.

The property consists of 56 One Bedroom/One Bath units (in two floor plans), 20 Two Bedroom/One Bath units and 8 Two Bedroom/One and One-half Bath units. Units have generous floor plans, are all electric and include private access intercom systems. Select units include private patios or balconies and outside storage. Eight units have upgraded kitchens (stained cabinets, new cabinet hardware, counters, lighting) and new bathroom vanities. Upgraded units command rents between $35 and $65 per month more than non-upgraded units.

In addition to a clubhouse with Wi-Fi, community amenities include a swimming pool and on-site laundry facilities.

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Eco Square & Terra Trace (2 properties, 192 units)
Terra Trace Apartments
84 Units
1715 Theater Drive
Evansville, IN  47715
Type: Conventional
Closed: 3/12/2019
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The Win - Broad Ripple
24 Units
6159 Winthrop Ave
Indianapolis, IN  46220
Closed: 1/17/2018
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Towne View
88 Units
5 Crosby Road
Mooresville, IN  46158
Type: Conventional
Closed: 2/1/2018
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Trotters Pointe
240 Units
2400 E Main Street
Greenwood, IN  46143
Type: Conventional
Closed: 12/28/2017

Turtle Creek is a 216-unit rental community located in Kokomo, Indiana, 40 miles due north of Indianapolis. The property is well-maintained and exceptionally located on the east side of the city. Built in 1971, the property was constructed on concrete slabs with wood framing and brick exteriors. The property is comprised of two large “X” shaped buildings each with four wings and a common core area in the center. The three-story buildings both have a central elevator.

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Turtle Creek - Kokomo
216 Units
2241 W. Jefferson
Kokomo, IN  46901
Type: Conventional
Closed: 1/17/2019

The Cardinal Pointe Portfolio consists of 4 properties currently owned by an out- ofstate private equity group that purchased the properties approximately 10 years ago. Three of the four properties (Cardinal Pointe I, Cardinal Pointe II and University Apartments) are predominately occupied by Ball State undergrad students and are adjacent to campus. Wheeling Manor, the smallest of the four properties (24 units) is occupied by mainly non-student residents. All properties are leased by the unit, not by the bed, and have a history of high 95%+/- occupancy.

The majority of the units have original interior finishes and offer the new owner the opportunity to complete updates and achieve rent premiums .

The portfolio is being offering free and clear.

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Cardinal Pointe Portfolio (4 properties, 195 units)
University
32 Units
1204 & 1206 West Bethel Ave
Muncie, IN  47303
Type: Conventional
Closed: 8/1/2019
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Village at Curry Pike
38 Units
1630 S. Curry Pike
Bloomington, IN  47403
Type: Conventional
Closed: 8/1/2017

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)
Webster Apartments - Plymouth
72 Units
130 Jackson Heights Rd
Plymouth, IN  46563
Closed: 6/29/2018

The Cardinal Pointe Portfolio consists of 4 properties currently owned by an out- ofstate private equity group that purchased the properties approximately 10 years ago. Three of the four properties (Cardinal Pointe I, Cardinal Pointe II and University Apartments) are predominately occupied by Ball State undergrad students and are adjacent to campus. Wheeling Manor, the smallest of the four properties (24 units) is occupied by mainly non-student residents. All properties are leased by the unit, not by the bed, and have a history of high 95%+/- occupancy.

The majority of the units have original interior finishes and offer the new owner the opportunity to complete updates and achieve rent premiums .

The portfolio is being offering free and clear.

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Cardinal Pointe Portfolio (4 properties, 195 units)
Wheeling Manor
44 Units
2400 N. Wheeling Avenue
Muncie, IN  47304
Type: Conventional
Closed: 8/1/2019