AIMCO SELLS 2,103-UNIT MULTIFAMILY PORTFOLIO TO HAMPSHIRE PROPERTIES

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INDIANAPOLIS — The Phoenix and Indianapolis offices of CB Richard Ellis have collaborated in the sale of a 2,103-unit multifamily portfolio located in Indianapolis. Brooklyn, N.Y.-based Hampshire Properties acquired the six-property portfolio from AIMCO for an undisclosed amount. The apartment properties include the 1,381-unit Westlake and the 166-unit Wind Drift located on the west side of the city; as well as the 190-unit Woods Edge, the 126-unit Villa Nova, the 120-unit Spyglass and the 120-unit Riverwood located on the north side of the city. Hampshire Properties has hired locally based Buckingham Cos. and Flaherty & Collins to manage the portfolio. CB Richard Ellis’ Multi-Housing Group represented AIMCO in the transaction.

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