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Indianapolis Investor Buys Property From Apartment REIT Shedding Assets

Sale Was Part of REIT's Effort To Recycle Capital and Reduce Debt

An Indianapolis-based investment firm bought the Sycamore Terrace Apartment Homes in Terre Haute, Indiana. (Jason Koenig/CoStar)
An Indianapolis-based investment firm bought the Sycamore Terrace Apartment Homes in Terre Haute, Indiana. (Jason Koenig/CoStar)

An Indianapolis apartment investor focused on the Midwest stuck close to home in buying a property that was part of a merger between two real estate investment trusts a year ago.

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