CF Capital is pleased to announce its investment in Island Club Apartments, a 314-unit multifamily property located in the vibrant heart of Indianapolis.
With its prime waterfront setting, contemporary unit features, and proven historical performance, Island Club is a standout addition to CF Capital’s investment portfolio. The 37.6-acre property represents a stabilized, high-performing asset in Indianapolis, a city consistently ranked as one of the nation’s most dynamic and resilient commercial real estate markets. Supported by its diverse economy, Indianapolis stands out for its robust job growth, affordability, and exceptional accessibility, making it an attractive destination for both businesses and residents.
Island Club has already benefited from a $4.2 million renovation program that introduced upgraded cabinet fronts, quartz countertops, refreshed fixtures, and updated bathroom accents. Building on this foundation, CF Capital plans to invest an additional $2.8 million in further property enhancements to maximize its long-term potential and meet rising tenant demand.
“This is a unique opportunity to invest in a well-positioned, partially renovated property with both immediate and long-term upside,” said Tyler Chesser, Co-Founder and Managing Partner at CF Capital. “Island Club’s exceptional waterfront location, proximity to major employers, and easy access to downtown Indianapolis make it a highly desirable choice for residents. At the same time, the favorable agency financing terms provide stability and positive leverage for our investors.”
Prime Waterfront Location: Nestled along a 25-acre lake, Island Club offers a tranquil living environment with picturesque water views from all units, complemented by a full suite of amenities, including a pool, fitness center, pickleball court, bark park, and an aqua lounge with kayak access.
Renovation Opportunity: More than 60% of the units remain ripe for upgrades, allowing for additional value creation and returns while addressing growing rental demand in the area.
Proximity to Employment and Amenities: Located minutes from major employment hubs, Eagle Creek Park, and downtown Indianapolis, the property provides unparalleled access to a broad range of job opportunities and lifestyle conveniences.
“Indianapolis continues to thrive as a hub for commercial real estate investment, thanks to its economic resilience, vibrant job market, and growing population,” added Bryan Flaherty, Co-Founder and Managing Partner at CF Capital. “This investment reflects our commitment to identifying properties with untapped potential and transforming them into thriving communities. Island Club is poised to deliver a premium living experience for residents while generating strong, sustainable returns for our investors.”
