256-UNIT MULTIFAMILY PROPERTY SELLS FOR $18 MILLION IN INDIANA

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AVON, IND. — Thiemann Real Estate has acquired Washington Quarter Apartments in Avon. The 256-unit, Class A multifamily property sold for $18 million. Constructed in 1999 and currently 95 percent occupied, the property features one-, two- and three-bedroom units, a clubhouse with a fitness room, billiards room and a swimming pool, a car wash station, a sand volleyball court, a basketball court and a picnic area. Kevin MacKenzie and Jon Everson of Holliday Fenoglio Fowler (HFF) represented the buyer; John Sebree and David Keller, also of HFF, represented the seller, Crossmann Properties LLC, in the transaction.

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