CARMEL, INDIANA (December 20, 2016) – Lauth Communities, a Lauth Group, Inc. company, headquartered in Carmel, Indiana completed the acquisition of Pinebrook Apartments, an 84-unit community, located in Greenwood, Indiana. Originally completed in 2009, the units are located in six buildings across a nearly six-acre site located at the southwest corner of Smith Valley Road and State Road 135.
The Pinebrook Apartments’ community consists of one-bedroom/one-bath, two-bedroom/twobath, and three-bedroom/two-bath units. Brenda Garner will serve as the Resident Services Manager. Detailed information about the community is available through the website, www.pinebrookapartmentliving.com.
The acquisition of Pinebrook Apartments adds to Lauth Communities portfolio of properties, which includes Broadway Village Apartments and Bluestone Apartments, both located in Greenfield, Indiana. This most recent purchase is a continuation of Lauth’s mission to identify, acquire, and self-manage strategic investment opportunities within growing Midwest markets.
Lauth Communities is a wholly owned subsidiary of Lauth Group, Inc. Lauth is a celebrating its 40th year in business as a management-owned, full-service real estate firm with expertise in development, construction, property management, and acquisitions. Lauth was named one of the Fastest Growing Companies by the Indianapolis Business Journal in 2015. Additional Lauth information is available at http://www.lauth.net.