CBRE Arranges Sale of 234-Unit Multifamily Property in Indiana
CBRE has arranged the sale of River Pointe, a 234-unit multifamily property in Mishawaka, Indiana. Monarch Investment and Management purchased the property from LV Property Management.
CBRE’s George Tikijian, Hannah Ott, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean Pingel represented the seller in the transaction. “River Pointe was exceptionally well maintained and operated by the seller, LV Property Management, who agreed to our pricing strategy—essential for driving competition and maximizing proceeds in today’s market,” said Tikijian.
River Pointe, located at 350 Bercado Circle along the St. Joseph River, is just minutes away from downtown South Bend, which features several dining, retail and entertainment venues, as well as numerous prominent academic institutions, including the University of Notre Dame and Indiana University South Bend. Built in 1974, the property features a range of one-, two- and three-bedroom floor plans averaging 1,054 square feet.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout