226-UNIT MULTIFAMILY PROPERTY TRADES HANDS IN FT. WAYNE, IND.

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FT. WAYNE, IND. — Columbus, Ohio-based White Oaks Partners has acquired Regency Park, a 226-unit multifamily property in Ft. Wayne. The property was marketed for $5.9 million but the acquisition price was not released. The buyer plans to renovate the property's exterior and interior, including a pool renovation, new landscaping and remodeling unit kitchens and bathrooms. Tikijian Associates represented Miami-based LNR Partners LLC, the special servicer acting on behalf of the lender following a mortgage foreclosure. The property has been managed by Indianapolis-based Buckingham Companies since Buckingham's appointment as receiver in late 2009.

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