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TIKIJIAN ASSOCIATES BROKERS SALE OF 256-UNIT MULTIFAMILY COMMUNITY

GREENFIELD, IND. — Tikijian Associates has brokered the sale of Greenfield Village Apartments, a 256-unit multifamily community located in the Indianapolis suburb of Greenfield. Monsey, N.Y.-based White Eagle Capital has purchased the property from Indianapolis-based Pedcor Cos. The asking price was $12.9 million. Greenfield Village originally operated as an affordable housing property for lower income residents, and now functions as a conventional market-rate community. The community is White Eagle Group’s first purchase in Indiana. Indianapolis-based Barrett & Stokely will manage the property.

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