The MeadowsCommunities

Chapel Oaks

Chapel Oaks is a 320- unit apartment community located in Fort Wayne, Indiana. The community is a former LIHTC affordable housing development that had fallen into disrepair. Former owners had converted it to a market-rate community without making requisite property improvements to effectuate the change. We acquired the property in 2017, and implemented a property improvement program to address major deferred maintenance issues and stabilize tenancy. Over a 24-month holding period, we accomplished those objectives and sold the property.

Highlights

  • Proximity to Employers
  • Close to Retail and shops
  • cosmetic renovations applied
  • SOLD Q1 2021

Location:

Fort Wayne, IN

Units:

320

Acquired:

Q3 2017

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