518-UNIT MULTIFAMILY PROPERTY PURCHASED FOR $15 MILLION

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INDIANAPOLIS — Boca Raton, Fla.-based Barry Geller Mortgage & Investments has brokered the sale of Creekwood Apartments located at 2100 Westlane Rd. in Indianapolis. The multifamily community, which is situated on a 54-acre site, houses 518 units. Englewood, N.J.-based MPI Management has purchased the property from St. Louis-based MREF 111 PROPERTIES 11 for $15 million.

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