Stoneweg’s US branch announced its first acquisition for 2021 with the closing of Aura, M Club, and Retreat Northwest (AKA ‘Indy Portfolio’) increasing the Company’s presence in Indianapolis to four properties.
“Along with adding 849 units to the portfolio and expanding our presence in Indianapolis, this acquisition concludes the 1031 exchange from our successful portfolio disposition at the end of last year. The Indianapolis market has seen great growth over the last 5 years, fared very well during the Covid-19 Pandemic, and is poised for continued growth and migration into the future” said Stoneweg US Chief Investment Officer Ryan Reyes. “It’s a smart deal for us and a great way to kick-off 2021.”