Olive Tree Holdings, a mission driven private investment company with a focus on real estate, announced today the acquisition of The Life at Creekside Reserve and The Life at White Pines, two multifamily communities located in Indianapolis, Indiana. With the acquisitions of these communities, the firm now operates more than 2,200 residential units across seven multifamily communities in the Indianapolis market.
“We are thrilled to add The Life at Creekside Reserve and The Life at White Pines to our Indianapolis portfolio as we look to continue our growth within the region,” said Ian Bel, Managing Principal and Chief Executive Officer of Olive Tree Holdings. “As a firm, we are committed to providing elevated living experiences through the implementation of tailored capital improvement programs that have already kicked off at these two communities.”
Located at 4514 Candletree Circle and situated on more than 28 acres, The Life at Creekside Reserve is a gated, 320-unit garden-style apartment complex comprised of 16 three-story buildings with a mix of one, two, and three-bedroom residences as well as an accompanying two-story leasing office and daycare facility. Capital improvement plans at the community include roof replacements, the installation of new windows and doors, low-flow plumbing upgrades, new security gates, electrical upgrades, revamped grilling stations, new signage, and new paint work. Additionally, the on-site amenities at the property, which include a resident clubhouse, fitness center, playground, laundry facilities and a soccer field, will undergo upgrades.
The Life at White Pines, located at 3287 Tara Court East, is a 228-unit complex consisting of one, two, and three-bedroom apartment homes with private patios and balconies and amenities including laundry facilities, a playground, on-site maintenance and management services, and central air and heating capabilities. Capital improvement upgrades planned include roof replacements, the installation of a 1,400-foot privacy fence, as well as additional security and fire safety features, LED lighting upgrades, a new playground, low-flow plumbing upgrades, laundry room renovations, and sidewalk, parking lots and landscape improvements.
Following the inception of Olive Tree Holdings in 2017, the firm has acquired and transformed 16,000 units of workforce and affordable housing communities across 8 states, with more than 2,200 units located in the Indianapolis region.
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