REBusinessOnline

CBRE BROKERS SALE OF TWO MULTIFAMILY COMMUNITIES TOTALING 146 UNITS

INDIANAPOLIS AND SHELBYVILLE, IND. — The Indianapolis/Cincinnati multi-housing group of CB Richard Ellis has brokered the sale of two apartment communities in Indianapolis and Shelbyville. The 92-unit Hampton Court community is located at 1325 West 75th Court in Indianapolis, and the 146-unit Loper Commons is located at 919 Lewis Creek Lane in Shelbyville. Both properties were acquired by Gene B. Glick Co.’s housing charity. Hampton Court was sold by Indianapolis-based owner and developer, Buckingham Cos. In a separate transaction, Loper Commons was sold by Indianapolis-based owner and developer, Paragus. The acquisition price for both properties was not disclosed.

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‣ Arbor Realty Trust
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