Investment firm CF Capital has purchased an Indianapolis multifamily property as the company looks to implement renovations to improve the asset and stop declining rents that have fallen more than 10% over the past year.
CF Capital buys Indianapolis apartments with plan to turn around decline in rents
314-unit Island Club complex to undergo $2.8 million in further enhancements
By Jon Leckie
CoStar News
December 4, 2024 | 10:36 P.M.
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IN THIS ARTICLE
- Properties
- Island Club
7938 Island Club Dr, Indianapolis, IN
- Companies
- Covenant Capital Group
Real Estate