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Local firm buys 222-unit multifamily property in Indiana

Construction for Federal Hill Apartments wrapped up a year ago
Federal Hill Apartments was built in 2024. (CoStar)
Federal Hill Apartments was built in 2024. (CoStar)
By JaQuanna Hoggard
CoStar Research
February 18, 2025 | 6:44 P.M.

Summit Equity Group has purchased a 222-unit multifamily property in Noblesville, Indiana. The Des Moines-based company bought the Federal Hill Apartments last month from Old Town Companies for an undisclosed price.

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