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The Whit | Indianapolis, IN

MANAGEMENT CLIENT: TWG | TOGETHER, WE GROW

TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the United States. Headquartered in Indianapolis, IN, TWG has transacted nearly $2.0 billion in development and over 10,000 units, operating currently in 16 states.

PROPERTY PROFILE: THE WHIT

The Whit is a Class A rental community located in downtown Indianapolis, Indiana. Built in 2018, The Whit offers 334 luxury units in an urban, mid-rise setting. The community offers resort-style amenities such as a rooftop pool & lounge, state-of-the-art fitness center, dog park with pet washing stations, common-area Wi-Fi, floor to ceiling windows, quartz countertops, stainless steel appliances, panoramic views of downtown Indianapolis and University Park, and attached covered parking garage.

The Whit is in the central business district within walking distance of sports venues such as Lucas Oil Stadium, home of the Indianapolis Colts, and Gainbridge Fieldhouse, home of the Indiana Pacers & Indiana Fever. The Whit is also close to Mass Ave., one of Indy’s most popular food and entertainment districts.

THE RESULTS

From August 2020, until the property was sold in March 2022, Connect’s Prospect Seeker successfully generated the following results:

1,522%

Return on Investment (ROI)

$32,409

Avg Annualized Lease Value

23

Lifetime Leases

$641,053

Net Incremental Revenue