Market Highlights

Indianapolis, the capital city of Indiana, is renowned for its blend of vibrant culture, sports enthusiasm, and economic diversity. At present, Indianapolis has a portfolio of 809 multifamily properties comprising a total of over 167,000 units. Currently, there are 38 properties and 8,301 units under construction with another 30 properties and 6,479 units that are planned.

Indianapolis is often referred to as the “Crossroads of America” because of its location at the intersection of several major interstates such as I-65, I-69, I-70, and I-74. These interstate highways connect various regions of the country and make Indianapolis a crucial point for commerce, trade, and travel. Consequently, the city boasts a diverse economy with strong sectors in manufacturing, healthcare, finance, and technology. Indianapolis is famous for its sports heritage, hosting major events like the Indianapolis 500, one of the world’s oldest and most prestigious car races, and being home to the NFL’s Indianapolis Colts and the NBA’s Indiana Pacers.

Multifamily Highlights

Major Employers

  1. IU Health University Hospital

    13,479 jobs / 1,296 beds  | Learn More
  2. Eli Lilly & Co.

    11,775 jobs  | Learn More
  3. Ascension St Vincent Hospital

    10,000 jobs / 840 beds  | Learn More
  4. New Era Technology

    7,000 jobs  | Learn More
  5. Indiana University School of Medicine

    6,000 jobs  | Learn More
  6. Roche Diagnostics Corp

    6,000 jobs  | Learn More
  7. IU Health Methodist Hospital

    5,000 jobs / 800 beds  | Learn More
  8. IUPUI

    4,700 jobs / 25,979 enrollment  | Learn More
  9. Rolls-Royce Corp

    4,200 jobs  | Learn More
  10. Roudebush VA Hospital

    3,042 jobs / 159 beds  | Learn More
  11. Allison Transmission

    2,000 jobs  | Learn More

Other Demand Drivers

  1. Castleton Square Mall

    1,382,000 SF; Macy's, JCPenney, Dick's, H&M  | Learn More
  2. Circle Center Mall

    730,000 SF; H&M, Forever 21, Banana Republic  | Learn More
  3. Gainbridge Fieldhouse

    Home of the Indiana Pacers; 18,345 Seats  | Learn More
  4. Lucas Oil Stadium

    Home of the Indianapolis Colts; 67,000 Seats  | Learn More
  5. Indianapolis International Airport

    4.7 million passengers in the first half of 2023  | Learn More
  6. Indianapolis Motor Speedway

    Largest sports venue in the world; $510 million economic impact  | Learn More