We are proud to announce our recent acquisition of Riverbend Apartments, a 996-unit multifamily community located in Indianapolis, IN.

Riverbend presents a compelling opportunity to reposition and stabilize an operationally distressed asset through the implementation of a focused operational reset and targeted capital improvements.

Originally built between 1982 and 1986, the property features a mix of one-, two-, and three-bedroom floorplans and townhomes, and is exceptionally well located along I-465, with direct access to major employers and retail destinations.

“At this stage of the market cycle, we are highly selective – focusing on opportunities that exhibit truly distinctive characteristics and potential,” states Hen Shoval, Partner and Chief Investment Officer at Pensam. “This investment exemplifies that approach”.