Berkadia is pleased to present the exclusive opportunity to acquire The Life at Wood Springs, a premier 608-unit multifamily asset in an exceptional location just 10 miles northwest of downtown Indianapolis, Indiana. The property has seen over $12 million in strategic investment over five years, providing updated amenities in a well-maintained community. 210 units have already been renovated, achieving an average rent premium of $257. This is a lucrative opportunity for investors to capitalize on the remaining non-renovated units, which are priced well below comparable properties. The Life at Wood Springs is strategically positioned on I-465, the largest highway in Indianapolis, offering easy access. It is 15 minutes from the Indianapolis International Airport and close to Park 100 office park. The property is offered at a very attractive basis and going-in cap rate, providing a compelling investment opportunity in the Indianapolis market.

• 608 unit property with over $12 million invested in the last 5 years
• Remaining non-renovated units are well below similar conditioned comps
• Well located with excellent visibility on I-465, the largest major highway in Indianapolis, just 15 minutes from Indianapolis Airport and minutes from Park 100 office park
• Proven business plan established with 210 units recently renovated, achieving an average $257 effective rent bump
• Offered at a very attractive basis and going-in cap rate
• Spacious units, with 74% of the property being two bedrooms or larger