Kingston Square Apartments
A multifamily property in Indianapolis, Indiana. Securitized in 1 CMBS deal in 2023.
$85.7MAppraised value (latest deal)
96.9%Occupancy
$4.7MUnderwritten NOI
5.5%Implied cap rate
- Address
- 7171 East Twin Oaks Drive, Indianapolis, IN 46226
- Property type
- Multifamily · Garden
- Year built
- 1963, 1992, 1995
- Size
- 523 Units
- Sponsor
- Joel Werzberger
- Loan purpose
- Recapitalization
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-C4 | 2023-02-14 | $85.7M | 96.9% | $4.7M | 5.5% | $14.0M | 59.5% | 1.53x | 424B |
Historical NOI reported in BMO 2023-C4
| Period ending | NOI |
|---|---|
| 7/31/2022 | $4.4M |
| 12/31/2021 | $4.2M |
| 12/31/2020 | $3.4M |
More CMBS properties in Indiana →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.