TIKIJIAN ASSOCIATES BROKERS SALE OF 140-UNIT APARTMENT COMMUNITY IN INDY

INDIANAPOLIS — Tikijian Associates has brokered the sale of Suncrest Apartments, a 140-unit community located in west Indianapolis. The property was built in 1986 and is located just inside I-465 about fifteen minutes west of the downtown central business district. The community is also near the Indianapolis International Airport. Tikijian Associates represented the seller, JVM Realty Corp., a privately held real estate investment and management firm based in Oak Brook, Ill. JVM’s portfolio consists of more than 7,000 units in four Midwestern states. ?A Geneva, Ill.-based investment group purchased the property for an undisclosed price. The buyer plans to upgrade the kitchens and bathrooms in the units to include granite counter and vanity tops, upscale flooring and appliances.