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.

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