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Brookstone Flats and Sycamore Ridge
Property Description:
Executive Summary
- We are pleased to present a compelling opportunity to invest in the acquisition and repositioning of a 198-unit multifamily portfolio located in Anderson, Indiana, a high-upside satellite market within the greater Indianapolis MSA.
- The asset is being acquired for $4.4 million from a distressed seller and will be delivered 100% vacant at closing — providing a rare blank-slate repositioning opportunity with no legacy tenants, deferred rent, or relocation issues.
- Our business plan involves executing a comprehensive renovation of all 198 units and common areas over an 18-month period, a full lease-up will occur as we deliver units.
Renovations will focus on modernizing unit interiors, improving building systems, and enhancing curb appeal.