Olive Tree Holdings Acquires Seventh Multifamily Community in Indianapolis | Real Estate Weekly

 Olive Tree Holdings, a mission pushed non-public funding firm with a give attention to actual property, at this time introduced the acquisition of The Life at Creekside Reserve and The Life at White Pines, two multifamily communities positioned in Indianapolis, Indiana. With the acquisitions of those communities, the agency now operates greater than 2,200 residential models throughout seven multifamily communities within the Indianapolis market.

“We’re thrilled so as to add The Life at Creekside Reserve and The Life at White Pines to our Indianapolis portfolio as we glance to proceed our progress inside the area,” mentioned Ian Bel, Managing Principal and Chief Govt Officer of Olive Tree Holdings. “As a agency, we’re dedicated to offering elevated dwelling experiences by means of the implementation of tailor-made capital enchancment packages which have already kicked off at these two communities.”

Situated at 4514 Candletree Circle and located on greater than 28 acres, The Life at Creekside Reserve is a gated, 320-unit garden-style condo advanced comprised of 16 three-story buildings with a mixture of one, two, and three-bedroom residences in addition to an accompanying two-story leasing workplace and daycare facility. Capital enchancment plans on the group embrace roof replacements, the set up of latest home windows and doorways, low-flow plumbing upgrades, new safety gates, electrical upgrades, revamped grilling stations, new signage, and new paint work. Moreover, the on-site facilities on the property, which embrace a resident clubhouse, health middle, playground, laundry amenities and a soccer discipline, will endure upgrades.

The Life at White Pines, positioned at 3287 Tara Courtroom East, is a 228-unit advanced consisting of 1, two, and three-bedroom condo houses with non-public patios and balconies and facilities together with laundry amenities, a playground, on-site upkeep and administration providers, and central air and heating capabilities. Capital enchancment upgrades deliberate embrace roof replacements, the set up of a 1,400-foot privateness fence, in addition to extra safety and hearth security options, LED lighting upgrades, a brand new playground, low-flow plumbing upgrades, laundry room renovations, and sidewalk, car parking zone and panorama enhancements.

Following the inception of Olive Tree Holdings in 2017, the agency has acquired and remodeled 16,000 models of workforce and inexpensive housing communities throughout 8 states, with greater than 2,200 models positioned within the Indianapolis area.

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