Haya Zilberboim, left, and Oz Cohen, co-founders and partners of Emma Capital
INDIANAPOLIS, IN—Toronto-based Emma Capital Investments is acquiring Courts I, a 148-unit apartment community at 2000 W. 79th Street, and Courts II, a 336-unit property at 8002 Harcourt Road, Indianapolis. The $38.5 million acquisition, Emma Capital's 36th and 37th purchases in the United States, brings its total acquired apartments to date to approximately 9,500.
The properties were built in 1967 and 1973 respectively and are located next to each other.
Currently, the properties are being operated together, but Emma Capital says it plans to run them separately. The Courts I offers four different floor plans, with an overall average unit size of approximately 1,010 square feet. All units have washer/dryer appliances. The Courts II offers five different floor plans with an overall average unit size of approximately 1,098 square feet.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
