Home Industries Real Estate Brookfield senior apartment complex sold for $7.1 million

Brookfield senior apartment complex sold for $7.1 million

By
Alex Zank
-
Credit: Google
Credit: Google

The Capitol Hill Senior Apartments in Brookfield have been sold to an Indianapolis investor for $7.1 million, according to state records. The 71-unit affordable apartment complex, located at 17390 Crest Hill Drive, was acquired by Capitol Hill Harmony Housing LLC, an affiliate of Indianapolis-based Greystone Property Management Corp. The seller is Capitol Hill Tax Credit

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The Capitol Hill Senior Apartments in Brookfield have been sold to an Indianapolis investor for $7.1 million, according to state records. The 71-unit affordable apartment complex, located at 17390 Crest Hill Drive, was acquired by Capitol Hill Harmony Housing LLC, an affiliate of Indianapolis-based Greystone Property Management Corp. The seller is Capitol Hill Tax Credit Limited Partnership, which is registered to Sanjay Kuttemperoor, president of Brookfield-based V.K. Development Corp. Representatives of Greystone did not immediately respond to a request for comment. Its parent company is New York-based real estate lender Greystone & Co. LLC. Other affiliates include Harmony Housing, a non-profit that acquires affordable housing assets. The three-story building totals nearly 81,600 square feet and was built in 2003, according to city records. The property has an assessed value of $3.81 million, according to county records.

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