Maison Gardens is a 444-unit value-add apartment asset in Indianapolis, IN. Spanning 19.85 acres, the property combines exceptional community amenities with a proven track record of performance, making it a compelling investment opportunity in one of the nation's most dynamic markets. COMPELLING VALUE ADD OPPORTUNITY With current rents approximately 25%+ below market, Maison Gardens presents investors with a compelling value-add opportunity. The property offers substantial upside potential even without additional renovations or capital improvements, as new ownership can capture significant rental growth through natural lease turnover and market adjustments. This dynamic positions the asset to deliver strong cash-on-cash returns in the near term while preserving the option to pursue further value creation through targeted upgrades in the future. NEARLY $8 MILLION IN CAPITAL IMPROVEMENTS Since 2017, ownership has invested approximately $7.9 million in substantial capital improvements, tackling critical building systems and infrastructure to ensure long-term stability and reduced operational risk. Major projects include replacement of roofing and HVAC systems, upgrades to sewer lines, parking lot resurfacing, and extensive plumbing and electrical enhancements. With much of the heavy lifting already completed, new ownership can redirect capital toward interior renovations and other value-add initiatives, unlocking additional rent growth and long-term upside. HISTORICALLY HIGH OCCUPANCY - 95% Currently 95% leased, the property has consistently maintained historically high occupancy levels, underscoring its enduring appeal and strong renter demand. This track record of performance demonstrates the asset’s ability to attract and retain residents through varying economic conditions and market cycles. Such stability not only speaks to the desirability of the property’s location and offering but also provides investors with confidence in its reliability as a long-term income-producing asset. DIVERSIFIED UNIT MIX & LIFESTYLE AMENITIES The community combines a balanced mix of one-, two-, and three-bedroom apartments with a full suite of lifestyle-oriented amenities—including a playground, dog run, volleyball courts, and basketball courts. This blend of housing options and resident-focused features appeals to a wide renter base of individuals, couples, and families, fostering strong leasing velocity, high resident satisfaction, and long-term occupancy stability. STRONG ECONOMIC DRIVERS Consistently ranked among the nation’s top metros for job seekers, the city’s strong employment base has driven steady population growth and rising housing demand. Adding to this momentum, major corporate expansions are underway: Eli Lilly is investing $27 billion in new facilities, IU Health is building a $2.3 billion state-of-the-art hospital, and Roche Diagnostics is advancing a $550 million expansion. FAVORABLE MULTIFAMILY INVESTMENT CONDITIONS With a business-friendly climate, favorable regulatory environment, and investor-friendly tax policies, Indianapolis offers efficient operations and reduced ownership costs. Combined with strong population and employment fundamentals, the city presents a compelling case for sustained multifamily investment. OPTION TO ACQUIRE ADJACENT STORAGE FACILITY Ownership is offering the opportunity to purchase an adjacent Extra Space Storage facility, currently operating at 90% occupancy. Contact agent for more information.