SOLD
Heritage Affordable Communities Acquires 824-Unit Multifamily Property In Indianapolis For $33M
3645 Wingate Court
MultiFamily
840,252 SF
840,252 SF
Sold 1 year ago
Summary
Sale
INDIANA
MultiFamily
840,252 sqft
The multifamily property located at 3645 Wingate Court in Indianapolis, IN, has been sold in a transaction. The sale was facilitated by Steven Vegh and Alex Hajibay. The deal was finalized on 11/03/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,000,000
- Address: 3645 Wingate Court
- Market: Indianapolis, IN
The buyer of the property is Heritage Affordable Communities, while the seller is Meridian Group, represented by Ramsey Hakim. The transaction was assisted by Steven Vegh from Westwood Realty Associates.
The property consists of 824 units, with a per unit price of $40,048. It is worth noting that Heritage Affordable Communities has a total of eleven affordable housing deals under contract, amounting to approximately 3,000 units and $205M. The company is actively expanding its portfolio in the affordable housing sector.
Players
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1
Agents
1
Details
SOLD
IMAGE: Steven Vegh & Alex Hajibay
DATE: 11/03/2021
ADDRESS: 3645 Wingate Court
MARKET: Indianapolis, IN
ASSET TYPE: Multifamily
BUYER: Heritage Affordable Communities
SELLER: Meridian Group - Ramsey Hakim
BROKER: Steven Vegh - Westwood Realty Associates
PRICE: $33,000,000
UNITS: 824 ~ PPU: $40,048
NOTE: This is only one of the eleven affordable housing deals that Heritage Affordable Communities has under contract at the moment. These projects total approximately 3,000 units and $205M. Heritage is extremely active in the affordable space and will continue to expand its portfolio in the upcoming months.View on map
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Address3645 Wingate Court
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