Indiana

INDIANAPOLIS — Standard Real Estate, Arrow Street Development and Belay Investment Group have sold Wesley Place, a 244-unit property to an undisclosed seller for an undisclosed cost. It was 91 percent leased at the time of sale. The property was developed in 2023 in downtown Indianapolis’ Medical District. It is within walking distance to Indiana University Health Campus, a $4.3 billion expansion and redevelopment that broke ground in 2022 and is expected to be complete, with medical offices and retail, by 2027. A JLL Chicago team of Amanda Friant, Ken …

NOBLESVILLE, IND. — Old Town Cos. has sold Federal Hill Apartments, a 222-unit property in Noblesville, 23 miles north of Indianapolis, Indiana. Summit Equity Investments acquired the community for an undisclosed price. Hannah Ott, George Tikijian, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean Pingel of CBRE represented the seller in the deal. Built in 2024, Federal Hill Apartments offers a mix of studio, one- and two-bedroom units with an average size of 863 square feet. Amenities include a fitness center, pool, indoor pet grooming spa, electric vehicle charging stations …

NOBLESVILLE, IND. — CBRE has arranged the sale of Federal Hill Apartments, a 222-unit multifamily property in the Indianapolis suburb of Noblesville. The sales price was undisclosed. Built in 2024, the asset features a range of studio, one- and two-bedroom floor plans averaging 863 square feet. Amenities include a fitness center, pool, indoor pet grooming spa, electric vehicle charging stations and an outdoor grilling area. There are three onsite retailers — Indie Coffee Roasters, Café Noricha and Bocado. Hannah Ott, George Tikijian, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean …

GREENWOOD, IND. — RailField has acquired The Hangar on Emerson, a 218-unit property located at 1140 Emerson Pointe Drive in Greenwood, which is 14 miles south of Indianapolis. The seller and sales price were not disclosed. The acquisition marks RailField’s entry to the Midwest. The Bethesda, Maryland-based investment and asset-management firm owns multifamily communities in 12 markets primarily in the mid-Atlantic, the Southeast and in Texas. The Hangar on Emerson was named for its proximity to the Indy South Greenwood Airport. Built in 2023, the community consists of three mid-rise buildings. Units come in …

EVANSVILLE, IND. — CBRE has arranged the sale of Post House, a 159-unit property located at 215 Vine St. in Evansville. Hannah Ott, George Tikijian, Cam Benz, Claire Bullard and Ryan Stockamp of CBRE represented the seller, Scannell Properties, in the transaction. Prosperity Commercial Real Estate was the buyer. The sales price was not disclosed. Post House was constructed in 2020. The community offers studio, one- and two-bedroom units that average 894 square feet, as well as 15 loft-style, live-work units. Amenities include a pool, covered outdoor seating, yoga room, …