RESSCO Closes 354 Units in Indianapolis, IN
Southfield, MI, July 15, 2017 – RESSCO, a privately held real estate investment company, based in Southfield, MI. is pleased to announce the purchase of the Berkshire Square Apartments located in Indianapolis, IN.
RESSCO closed on the 354-unit apartment portfolio on June 9, 2017. Michael Barron with Marcus & Millichap’s Cleveland Office brokered the transaction, Dave Sidbold with Berkadia’s Michigan office brokered the debt. “This transaction was a great example of everything we had heard about RESSCO,”
commented Barron, Managing Director at Marcus & Millichap. “They closed the transaction in under 40 days, which was impressive,” said Barron.
Berkshire Square has an wide variety of unit styles with One and Two bedroom apartments & Two – Four Bedroom townhomes. Top amenities include fully equipped kitchens, in-unit washer/dryer connections, patios, playgrounds, and green space. The property provides great access to nearby shopping centers, schools, and parks.
About RESSCO
Real Estate Service Solutions Company (RESSCO) is a full service commercial real estate company that specializes in multifamily real estate. RESSCO offers a wide array of services that include property management, construction management, development and private placement investments. Multifamily real estate has unique challenges and RESSCO’s specialized skill set allows it to deliver a level of expertise that is unsurpassed in the industry.
RESSCO works with private investors, institutional investors, lending institutions, REO managers, municipalities, officers of the court, and property owners.
RESSCO’s management team has more than 50 years of combined experience involving multi-million dollar real estate transactions, equity investments and development/construction projects.
For more information, visit www.ressco.com.
RESSCO
Real Estate Service Solutions Company
(248) 440-1888
26711 Northwestern Hwy, Suite 175
Southfield, MI 48033