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INDIANAPOLIS — Strategic Capital Partners, through its Strategic Partners Urban Development Group, has acquired Timber Ridge Apartments in Indianapolis for an undisclosed price. The 26-building property offers 286 apartment units. The buyer plans to demolish the property and incorporate the site into the master plan of Avondale Meadows. Avondale Meadows is a community redevelopment of the city’s Meadows area. The property will feature more than 800 mixed-income apartments, townhomes and single-family homes, a grocery store, retail space, a 5-acre park, a community center, and walking and biking paths. Additional details about the transaction were not disclosed.