Berkadia is pleased to offer the exclusive opportunity to acquire the B5 Portfolio, a strategically assembled multifamily collection located in the thriving Bloomington, Indiana, MSA. This offering delivers immediate scale in a market defined by its limited supply and high barriers to entry, providing investors with a rare chance to secure a competitive foothold near Indiana University and the region’s robust economic engine. With four of five properties positioned within walking distance of the IU campus and its multibillion-dollar endowment, the portfolio’s location supports durable demand and excellent resident retention. 

The B5 Portfolio is further distinguished by attractive Fannie Mae financing options, including high leverage and two years of interest-only payments, enhancing the returns for an incoming investor. The assets trade at an exceptionally low basis—$50,000 per unit below the most recent comparable sale of a 1972 vintage property. Additionally, current in-place rents are over $200 below market and offer meaningful room for growth through professional oversight and platform-level management. Coupled with an average construction year of 1982 and minimal new supply on the market-rate side, the portfolio presents a compelling combination of value creation and stability in one of Indiana’s most dynamic rental markets. 

This unique combination of prime location, proven value, and strong financial fundamentals positions the B5 Portfolio as an outstanding opportunity for investors seeking both immediate scalability and attractive long-term upside in the Bloomington multifamily sector.