Cushman & Wakefield is marketing a pair of multifamily properties in Muncie, Indiana, for sale, Fox Brook and Walnut Manor. The properties are located adjacent to each other and are currently owned by a private equity group looking to recycle its current capital stack.
Fox Brook was originally developed by a small group of local investors, while Walnut Manor was originally developed by Pedcor in 1995.
The properties feature 161 units with an average unit size of 893 square feet. The two apartment buildings are 92 percent occupied.