**CBRE Arranges Sale of 234-Unit River Pointe Multifamily Property in Indiana**
CBRE has successfully arranged the sale of River Pointe, a 234-unit multifamily community located in Mishawaka, Indiana. The property was acquired by Monarch Investment and Management Group from the seller, LV Property Management.
The transaction was brokered by CBRE’s team of George Tikijian, Hannah Ott, Cam Benz, Clair Hassfurther, Ryan Stockamp, and Sean Pingel, who represented the seller.
“River Pointe was exceptionally well maintained and operated by the seller, LV Property Management, who agreed to our pricing strategy—essential for driving competition and maximizing proceeds in today’s market,” said George Tikijian of CBRE.
Located at 350 Bercado Circle along the St. Joseph River, River Pointe offers convenient access to downtown South Bend, which features a variety of dining, retail, and entertainment options. The area is also home to several well-known academic institutions, including the University of Notre Dame and Indiana University South Bend.
Originally built in 1974, River Pointe offers a mix of one-, two-, and three-bedroom floor plans, with units averaging 1,054 square feet.
