Marcus & Millichap Inc.
09/28/2026 | Press release | Distributed by Public on 09/28/2026 15:23
Marcus & Millichap Arranges Sale of 206-Unit Multifamily Property in Fort Wayne, Ind.
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Marcus & Millichap Arranges Sale of 206-Unit Multifamily Property in Fort Wayne, Ind.
September 28, 2026
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FORT WAYNE, Ind., Sept. 28, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Shoaff Park Villas, a 206-unit multifamily property in Fort Wayne, Indiana.
"Shoaff Park Villas presented a rare opportunity as it was the first time the property had been offered for sale since 1976 after being owned by the same family for 50 years," said Jack Friskney, director investments. "The buyer plans to complete larger-scale interior renovations, positioning the property to capture future rental growth in a market supported by steady population gains and long-term affordability."
Friskney, Aaron Kuroiwa and Austin Meeker, investment specialists in Marcus & Millichap's Indianapolis office, had the exclusive listing to market the property on behalf of the seller, Shoaff Park Villas Apartments Inc., and procured the buyer, an Illinois-based investor with a regional portfolio in northern Indiana and southern Michigan.
Located at 4604 Jason Drive, Shoaff Park Villas consists of 24 studio apartments, 130 one-bedroom, one-bath units and 52 two-bedroom, one-bath units. It is near the Parkview Health system, which employs more than 10,000 people in the Fort Wayne area. Purdue University Fort Wayne is approximately 1.5 miles from the property.
"Shoaff Park Villas presented a rare opportunity as it was the first time the property had been offered for sale since 1976 after being owned by the same family for 50 years," said Jack Friskney, director investments. "The buyer plans to complete larger-scale interior renovations, positioning the property to capture future rental growth in a market supported by steady population gains and long-term affordability."
Friskney, Aaron Kuroiwa and Austin Meeker, investment specialists in Marcus & Millichap's Indianapolis office, had the exclusive listing to market the property on behalf of the seller, Shoaff Park Villas Apartments Inc., and procured the buyer, an Illinois-based investor with a regional portfolio in northern Indiana and southern Michigan.
Located at 4604 Jason Drive, Shoaff Park Villas consists of 24 studio apartments, 130 one-bedroom, one-bath units and 52 two-bedroom, one-bath units. It is near the Parkview Health system, which employs more than 10,000 people in the Fort Wayne area. Purdue University Fort Wayne is approximately 1.5 miles from the property.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 28, 2026 at 21:23 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]