INDIANAPOLIS, IN - Hudson Investing and Midloch Investment Partners have acquired Jackson Run Townhomes, an 84-unit Class A multifamily rental community in the northwest suburbs of Indianapolis. Samuel McCarthy and Scott Harris of Marcus & Millichap facilitated the transaction.
Completed in 2023, Jackson Run Townhomes has 84 three and four-bedroom units with an average size of 1,897 square feet. The two-story townhomes feature two-car garages, spacious kitchens, master bathrooms with walk-in showers, and ADT home security systems. Hudson, the locally based investment firm and operator, is planning several amenity upgrades, including expansion and enhancement of the existing pet park and addition of an outdoor gas grilling pavilion, and expects to achieve operational synergies and efficiencies with its other properties in the market.
Kent Ritter, Founder and CEO of Hudson, said: “Jackson Run Townhomes is located in one of the strongest and fastest-growing corridors in the Indianapolis market. Growth of the LEAP District, including new Eli Lilly manufacturing facilities, will accelerate demand for Jackson Run in an area with surging population growth, limited single-family home inventory, and a large white-collar employment base.”
Andy Sinclair, CEO and Principal of Midloch, added: “Jackson Run Townhomes is Midloch’s first investment in Indianapolis. It’s a great product in a highly desirable location, which bodes well for the property’s successful lease-up and performance. We’re pleased to be partnering with Hudson, a proven operator in the market.”
About Hudson Investing: Hudson Investing is a Carmel-based multifamily investment group focused on the acquisition and development of multifamily communities throughout the Midwest and Sun Belt markets. Blending institutional expertise with the agility of a boutique firm, Hudson Investing seamlessly integrates initiatives to enhance the living experience of its residents, all while optimizing returns for its investors. For more information, visit www.HudsonInvesting.com
About Midloch Investment Partners: Midloch Investment Partners, based in Chicago with offices in Milwaukee and Minneapolis, is a real estate investment firm, operator, and fund manager. Midloch focuses on the small to middle market, typically investing in properties valued between $5 million and $50 million. Midloch invests in multifamily, industrial, retail, and office properties, partnering with local developers and operators using a value-add strategy. Midloch seeks individual investors, family offices, joint-venture partners, and RIAs to invest alongside the company in Midloch funds or other co-investment vehicles. Investors interested in learning more should visit www.Midloch.com