
Serenity Park – Loop Sells 362-unit Multifamily Property in Indianapolis for $24.9M
November 2021 – Loop Investments sold Serenity Park in November 2021 for $24.9M. The property was acquired in 2020 at an occupancy of just 50% at a purchase price of $17M. At the time of the sale, the property was at 90% occupancy which is an impressive turnaround considering the acquisition was at the height of the pandemic. Loop secured a $17M loan for refinancing in April 2021 and the unit interiors were renovated by the end of the year.
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