Barratt Asset Management has acquired Gateway Crossing Apartments: a 164-unit, A-grade, garden-style community located in the suburb of McCordsville. The apartment community is ideally located in the third-fastest growing city in Indiana. The property is in very close proximity to the Fishers-Geist Area and an easy commute to Downtown Indianapolis.
“Gateway Crossing was another HUD assumption deal we had been working on for quite some time, as the sellers had specific timelines to adhere to and we are ecstatic to see this one join the portfolio,” explained Adam Ehret, President and COO.
“The property was built in 2004, which is fun for us; it’s almost like new construction compared to the rest of our portfolio,” said Ivan Barratt, Founder & CEO. “The team is excited and it’s nice to get a high-quality asset that was managed very well over the years by JC Hart.”
With the addition of Gateway Crossing, BAM’s total units owned has surpassed the 2500-unit mark.
For more information about BAM visit: www.barrattassetmanagement.com.