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[CEROS OBJECT]
Berkadia is pleased to present the exclusive opportunity to acquire Cityscape Flats, a 2017-built multifamily community perfectly situated in the heart of Downtown Fort Wayne, Indiana, boasting an impressive Walk Score of 85. This prime location offers easy access to a vibrant urban lifestyle, with walkable attractions such as Electric Works, Parkview, and popular dining spots like Copper Spoon, Burger Bar, and Conner’s Kitchen & Rooftop Bar, making it an attractive option for potential residents. Fort Wayne's recent accolade as one of the Top 25 Places to Live in the U.S. by U.S. News & World Report further enhances the property's appeal, ensuring a steady demand for quality housing in the area.
For a new investor, Cityscape Flats presents a compelling opportunity for management efficiencies and value-add potential. Currently, units are leasing for over $100 below direct comparable properties, indicating significant room for rental growth. Very few leases expiring over the next 5 months. Only 4 leases per month until summer, showcasing a positive rental trend. Additionally, the property is offered free and clear of any existing debt, providing flexibility in financing options. With light renovations to common areas, amenities, and interiors, a new investor can achieve higher ROI, making Cityscape Flats a promising investment in a flourishing market.
The Opportunity
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
211 West Main Street
Suite 302
Carmel, IN 46032
Office: 312.845.3093
Investment Advisors:
CONTACT Info
INDIANA OFFICE
Chris Bruzas
Managing Director
312.845.3093
chris.bruzas@berkadia.com
Mortgage Banker:
Michael Slovitt
Managing Director
312.845.3082
Michael.slovitt@berkadia.com
1250 Ewing St Fort Wayne, IN 46802
2017-built asset located in the middle of Downtown Fort Wayne with an 85 Walk Score!
Opportunity for management efficiencies: current units lease for over $100 below direct comps.
Offered free and clear of any existing debt.
Fort Wayne voted Top 25 Places to Live in the U.S. in 2024 by U.S. News & World Report.
Very few leases expiring over the next 5 months. Only 4 leases per month until summer.
Opportunity for light renovations to common areas, amenities, and interiors for higher ROI.
Investments Highlights
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2017
Year Built
163
UNITS
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