Multifamily O Indiana

Tikijian Associates sells 318-unit apartment community in Indianapolis

Tikijian Associates closed the sale of Williamsburg North Apartments, a 318-unit community on the north side of Indianapolis. Tikijian Associates represented the seller, developer Gene B. Glick Company.

Completed in 1963, the property was the second apartment property ever constructed by the Glick Company. Glick has managed the property since its construction.

The buyer is a Brooklyn-based private investor which owns commercial properties in New York and New Jersey and has acquired several thousand apartment units in locations ranging from Florida to North Dakota over the last five years. The acquisition was the buyer’s third in Indiana. Memphis-based Multi-South Management will manage the property for the buyer.