Van Rooy buys Greenwood apartment complex

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Indianapolis-based Van Rooy Properties has purchased the 438-unit Westminster Apartments in Greenwood, Tikijian Associates said on Friday.

Tikijian, an Indianapolis-based broker of multifamily properties, represented seller Barrett & Stokely Inc., also of Indianapolis. Barrett & Stokely was the court-appointed receiver of the property.

The listing price was $8.2 million, and the property generated more than 25 offers.

Van Rooy owns or manages about 10,000 apartment units and 250,000 square feet of office and retail space.

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