The property involved in this transaction is Promenade Trails, a 210-unit age-restricted multifamily property located at 17780 Navigator Trail in the Noblesville market. The loan amount for the refinance is $54,300,000. The community features one- and two-bedroom units alongside multiple resident amenities.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $54,300,000
• Loan Type: Refinance
• Lender: ACRES Capital
• Landlord: Justus Companies
• Date: 09/08/2025
• Units: 210

The key individuals and companies in this transaction include ACRES Capital, which provided the refinancing loan, and Justus Companies, the operator of Promenade Trails. The transaction was focused on refinancing the existing property, ensuring continued operations and maintenance of the community.