CBRE Facilitates Sale of The Hangar on Emerson Multifamily Property in Greenwood
Greenwood, Indiana – CBRE has successfully brokered the sale of The Hangar on Emerson, a 218-unit multifamily property located in the growing suburb of Greenwood. Railfield Partners acquired the property from The Garrett Companies for an undisclosed amount.
Hannah Ott , George Tikijian , Cam Benz , Claire Bullard and Ryan Stockamp from CBRE represented the seller in this transaction. Despite higher than expected interest rates in 2024, there continues to be significant interest from both local and national investors in Indiana’s multifamily market. Properties like The Hangar on Emerson, situated near high-growth areas such as Indianapolis and conveniently located near major transportation routes like Interstate 65 and County Line Road intersection are particularly sought after.
Built just last year (2023), this modern complex offers a variety of spacious one-, two- and three-bedroom floor plans averaging at approximately 1,006 square feet each.
RailField Acquires First Midwest Property
In their first acquisition within the Midwest region, RailField Partners has purchased The Hangar on Emerson with assistance from CBRE’s team members Hannah Ott , George Tikijian , Cam Benz , Claire Bullardand Ryan Stockamp . This highly desirable suburban property received over twenty offers while it was listed for sale due to its prime location near Indianapolis’ bustling city center as well as its close proximity to major highways making it an ideal investment opportunity.
