Marcus & Millichap Real Estate Investment Services recently helped sell Heart’s Landing Apartments, a 360-unit property located in Indianapolis. The price of the asset is confidential.
Colin Atkinson of Marcus & Millichap’s Indianapolis office and Robert Sheppard, Armand Tiberio and Spencer Hurst of Marcus & Millichap’s Seattle office had the exclusive listing to market the property on behalf of the seller, Sutton Place Apartments, L.P.
The buyer, Heart’s Landing, LLC, was secured and represented by the listing agents.
Heart’s Landing Apartments is a Section 42 Low Income Housing Tax Credit community that is covered by a Section Eight Housing Assistance Payment Contract. The property, which was built in 1969, was last renovated in 1996. The property’s floor plans include one-bedroom, two-bedroom, three-bedroom and four-bedroom garden and townhome style units.
