BOOSTING CASH FLOW & GROWTH POTENTIAL

PARKWAY TERRACE

GOAL

The client aimed to reposition their real estate portfolio by transitioning out of the Pacific Northwest and into high-yield, landlord-friendly markets with lower per-unit costs and less operational friction.

CHALLENGE

The investor, based in Oregon, had limited experience transacting in the Midwest and was navigating unfamiliar lending markets and property management landscapes. Their local network didn’t extend to Indianapolis, and the competitive nature of that market made it difficult to get brokers and sellers to take their offers seriously. Additionally, identifying the right deal with solid in-place cash flow and upside potential required rigorous vetting of numerous off-market and marketed assets.

ACTION

Our team advised the client through an extended search period, analyzing multiple opportunities across several markets in the Southeast and Midwest. We ran comparative modeling and facilitated direct communication with Midwest-based management groups to ensure post-close operational confidence. Parkway Terrace surfaced as a compelling opportunity due to its in-place returns, substantial unit count, and stabilized condition. We successfully negotiated a price that aligned with the client’s target yield and secured favorable acquisition terms with local financing.

RESULT

The client was able to complete their 1031 exchange and transition their capital into a larger, higher-yielding property. With 56 units at a 7.4% cap rate, Parkway Terrace offered a clear cash-flow upgrade and stronger long-term appreciation potential. Our team's deal analysis, local coordination, and brokerage support ensured a smooth acquisition and an immediate step forward in the client's investment goals.

Parkway Terrace - Indianapolis, IN

Acquired Price: $3,450,000
Total Units: 56
Cap Rate: 7.4%
Unit Mix: One- and two-bedroom units
Year Built: 1969
Buyer Type: Private Oregon-based Investor
Acquisition Date: March 2023