Cushman & Wakefield has acquired substantially all of the assets of Tikijian Associates, a leading multifamily investment sales brokerage in Indianapolis, Indiana.
Tikijian Associates founder George Tikijian III and Hannah Ott join Cushman & Wakefield as executive managing directors, and John Baker and Cameron Benz join as senior associate and financial analyst, respectively. Long-serving Tikijian Associates’ managing director Kimberly Fetzer and marketing director Christine Nealis join Cushman & Wakefield, too.
“We saw this as a tremendous opportunity to join a firm with unlimited potential and the ability to provide even better services for our clients,” Tikijian said, in a statement. “Cushman & Wakefield’s multifamily and capital markets growth story is truly compelling and made it an easy decision. Locally, Cushman & Wakefield and its predecessor firms have been market leaders in Indiana and throughout the Midwest for decades and provide an unparalleled cultural fit.”
Tikijian founded the firm in 2005. During the past 13 years, Tikijian Associates has closed more than 240 transactions valued at more than $2.7 billion with more than 60,000 units sold to institutional, value-add, private equity and other market participants, becoming a leader in multifamily investment sales in Indiana.
In October, the firm closed one of the largest multifamily investment transactions in Indianapolis’ history, the $122 million sale of a five-property, 1,983-unit portfolio.
“We perpetually seek to add top talent and build on our capabilities, and with Hannah, George and their team, we’ve certainly accomplished that,” said Tim Michel, manging principal of Cushman & Wakefield in Indianapolis. “With Tikijian Associates, we have a great opportunity to take an existing, successful multifamily investment sales group and plug it into our regional and national platform, creating a better depth and breadth of services for our clients here in Indiana and throughout the U.S.”
For Cushman & Wakefield, the addition of this team also builds momentum as multifamily development and investment, which has been growing rapidly for the past five years, intensifies focus on suburban and secondary and tertiary markets. The acquisition also complements the recent addition of a multifamily team in Chicago, including managing directors Susan Tjarksen, Todd Stofflet and Jason Stevens, who joined the firm in October.