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6-State Apt./MXD Portfolio Comes to Market

INDIANAPOLIS—“This portfolio spans a broad range of dynamic submarkets in metros that are still emerging,” says CBRE's Steve LaMotte, who's marketing it on behalf of the developer.

By Paul Bubny | paulbubny | Updated on February 07, 2017

Photo of Steve LaMotte Steve LaMotte, Indianapolis-based SVP with CBRE

INDIANAPOLIS—CBRE Group has brought a 12-property multifamily and mixed-use portfolio to market for sale or recapitalization on behalf of locally based Milhaus. Spanning six markets and multiple regions with 2,195 apartment units and 114,441 square feet of commercial space, the portfolio—known as the Urban Core Portfolio—is being marketed from CBRE’s Indianapolis office by SVP Steve LaMotte and first VP Dane Wilson.

CBRE did not disclose the portfolio’s asking price. However, it’s rumored to be approximately $450 million.

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