Inland Private Resources Divests Indy Apartments

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CBRE has arranged the sale of Solana Apartments, a 384-unit waterside area in the Keystone Crossing submarket of Indianapolis. An affiliate of Inland Private Resources Company offered the property to a genuine estate fund handled by Nashville-based Agreement Resources Group.Steve LaMotte, Jr., an EVP and also co-leader of CBRE’s Indianapolis Louisville Multifamily team, together with Dane Wilson and Alex Possick, stood for the seller in the transaction. Regards to the sale weren’t divulged.
“The Solana offering was released in mid-March 2020, at the onset of the pandemic in the U.S.,” said LaMotte. “It was our core belief that there would still be financier demand for high-grade Indianapolis product. Solana was well obtained and traded at pre-crisis level, as associated to a car loan assumption.”
Keystone Crossing, located in Indianapolis’ high-income north suburban areas, supplies the densest and also most popular collection of workplace, retail as well as dining in the city.

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