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 company business in Nevada.
© 2024 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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QUICK STATS
$2,213/$2.12
Market Rent
71,940
RENTABLE AREA
2023
YOC
84
UNITS
Investment highlights
Senior LIHTC Property for Ages 55+ with a Vacancy Rate Below 1% in 2024
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The Gross Rental Limits at the Property Increased by 7.58% in 2025, Providing Additional Rental Upside at the Asset
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The Property is Located in a High Income and Growth Area of the Indianapolis, IN MSA with Median Household Incomes of $93,000 Within Five Miles of the Property
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The LIHTC Restrictions Expire at the End of 2040, Allowing for Incredible Operational Upside as the Average Max Allowable Rents are at a $400+ Discount to Market
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6
96%
OCCUPIED
xxx
5
GALLERY
GALLERY
2011
BUILT
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15367 Meredith Meadows Dr. E. - Noblesville, IN 46060
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PROPERTY OVERVIEW
Meredith Meadows Senior Apartments is an 84-unit housing community for seniors ages 55+ located in Noblesville, IN. The property is situated minutes from major transportation arteries, outdoor recreation, healthcare, and an abundance of shopping venues at Stoney Creek Commons and Town Country Shopping Center.
The property was built and placed in service in 2011 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 30%, 40%, 50%, & 60% of the Area Median Income (AMI) limits, which are provided by the Indiana Housing and Community Development Authority (IHCDA).
Meredith Meadows Senior Apartments offers a selection of one and two bedroom single story apartment homes. Each unit features a spacious layout with a fully equipped kitchen, separate dining and living, an external attached storage, private front porch, and full-size washer/dryer connections.
The community offers a clubhouse with kitchenette, on-site laundry facility, business center, community garden with a potting shed, workshop/hobby room, gazebo, walking trails, scheduled activities, and 24-hour emergency maintenance services.
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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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
211 W. Main St. Suite 302 Carmel, IN 46032
CARMEL OFFICE
800 W. Main St.
Suite 1410
Boise, ID 83702
BOISE OFFICE
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
ID License: #DB36794
Jeff Irish
Managing Director
504.322.1196
chris.crump@berkadia.com
CHRIS CRUMP
Associate Director 817.821.9559 jack.leonhard@berkadia.com
Jack Leonhard
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 company business in Nevada.
© 2024 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Director of Operations Affordable Housing
208.296.2073 jordan.baird@berkadia.com
CA License #02251798
Jordan Baird
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Senior LIHTC Property built in 2011 containing 90 units located in the 8-story building along with 10 three-bedroom townhome units
5
Well located asset just under 7 miles from downtown Miami, as well as the Miami International Airport
Senior Managing Director
214.360.3849
tim.leonhard@berkadia.com
TIM LEONHARD
Senior Director Affordable Housing
208.631.4981 jordan.skyles@berkadia.com
ID License #SP42885
Jordan Skyles
Managing Director Multifamily 317.370.5515 chris.bruzas@berkadia.com
IN CRE #15001294
Chris Bruzas