CBRE arranged the sale of Waterside at Castleton, a 400-unit property located on the northeast side of Indianapolis. A purchase price wasn’t disclosed.
The firm’s Steve LaMotte, Jr., and Dane Wilson represented the seller, Wilkinson Corporation and its partner BRT Apartments Corp., a publicly- traded REIT. The property was sold to Muesing Management.
“The sale of Waterside at Castleton, with nearly 20 offers and pricing that dipped into the 4% CAP range, represents the continuation of the national apartment investment market’s insatiable appetite for Indianapolis,” said LaMotte.
Waterside at Castleton is located two blocks from Community North Hospital, creating a suburban walk-to-work opportunity for Waterside residents. The property also enjoys proximity to one of Indianapolis’ most critical interchanges at 82nd Street/I-69. Waterside at Castleton was presented and bid as a full value-add acquisition opportunity, according to CBRE.
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Author: punepropertynews
पुणे प्रॉपर्टी न्यूज ही एक स्थावर मालमत्ता क्षेत्रातील पुण्यातील एक अग्रगण्य माहिती प्रदान करणारे न्यूज पोर्टल वेबसाईट आहे. आम्ही याद्वारे पुण्यामध्ये स्थावर मालमत्ता क्षेत्रात घडत असलेल्या घडामोडी माहिती बातम्या तसेच मुलाखती प्रकाशित करत असतो
