Multifamily golf-course community sells in Indiana

Longtime owner releases asset

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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. *** What's your opinion? Send your Letter to the Editor to