Multifamily golf-course community sells in Indiana

CB Richard Ellis arranged the sale of Mohawk Hills Apartments, a 564-unit golf-course community in Carmel, Ind.

The value of the transaction totaled more than $30 million.

The property is located in a high-end suburb of Indianapolis.

Chicago-based Executive Capital Corp., which had owned the property since 1980, sold the property to Buckingham Cos., a local owner, developer and management company.

Los Angeles-based CB Richard Ellis is a commercial real estate services company.

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