Family trust dumps massive apartment complex

Property comprises nearly 1,500 units

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Hendricks & Partners negotiated the sale of Castle Point/Park Jefferson, a 1,498-unit apartment community in South Bend, Ind. The value of the transaction was $52.5 million. The property is located at 18011 Cleveland Road/3001 E. Jefferson Blvd. A family trust sold the property to an Indianapolis-based owner. Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....