Opportunity rarely announces itself with a shout; more often, it is found in the steady, quiet convergence of disciplined timing and the right location. In the world of high-stakes real estate, many believe the race is won at the starting line, on the buy. At Wilkinson, we view the acquisition as merely the first lap. True championship legacies are built in the pit, where strategic vision, local intuition, and a human-centered management philosophy turn a well-located asset into a high-performing community.
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As we finalize the newest addition to Fund 17, we find ourselves returning to a familiar track: Indianapolis. This isn’t just another acquisition. It’s a strategic expansion into a market where our roots run deep and our momentum is accelerating. We invite you to look under the hood at why this specific moment in the Indianapolis market represents a unique opportunity for those focused on building a stable, long-term legacy
Why Indianapolis is the Midwest’s Quiet Powerhouse
Successful investing is often about identifying markets where enduring economic tailwinds create compelling risk-adjusted returns. Indianapolis has quietly transformed into a powerhouse of momentum, having seen a 4.1% increase in metro area population between 2020 and 2024, with over 2.17 million residents. This expansion is supported by a diversified economy anchored in life sciences, technology, and advanced manufacturing—a base that helps maintain stability across market cycles.
With a median owner-occupied home value of approximately $278,00 in 2023, the region remains significantly more attainable than national benchmarks, serving as a primary catalyst for in-migration. This demand is reflected in the 2024 net absorption of 5,610 units, which is more than double the 10-year average. For investors, these indicators represent a pro-housing governance environment and rent growth that outpaces the national average, creating a predictable landscape for long-term capital preservation.
A Winning History Across the Indiana Landscape
In a market as competitive as multifamily real estate, knowing the local landscape better than your peers is often the difference between excellence and average performance. Wilkinson is not a newcomer to the area; our presence here is a cornerstone of our historical strategy. We presently own and manage properties in the immediate vicinity, including Deercross Apartments and The Fields, giving us real-time insights that remote syndicates often overlook.
Our history in the state includes the Indy Six Portfolio, the largest multifamily disposition in Indiana's history, which achieved a 52.96% overall increase in value. This depth of experience allows us to enter new acquisitions, such as Legacy Park in Brownsburg, with a top-performing business plan already in motion. By leveraging existing relationships with vetted vendors and brokers, our due diligence is informed by lived experience rather than just static reports.
A Holistic Approach to Property Repositioning
At Wilkinson, we believe that creating a safer, more desirable community is more than just a social good; it is a superior business model. We aim to deliver excellence by leading with a human touch in every decision. A signature innovation in our current portfolio is the live-in renovation, where we partner with onsite teams to upgrade units while residents remain in place. This strategy reduces property downtime while providing tenants with a modernized home they are proud to live in.
Maximizing value goes beyond standard upgrades like quartz countertops or new flooring. We focus heavily on investing in relational capital through our 360 Impact approach. For example, through the Apartment Life initiative, we sponsor resident ambassadors who build interpersonal connections through property-wide events. Additionally, we implement Esusu, a platform providing credit-building and hardship support for renters, ensuring they have the tools to thrive.
The results of this intentionality are measurable. Every choice we make is guided by a 35-year historical track record dedicated to protecting investor capital. Within Fund 17, participants have the flexibility to choose a track that aligns with their goals; be it the Class A Income track targeted at a 10% annualized return or the Class C Growth track targeted at a 13.5–16.5% IRR.
Closing Thoughts: Building For What Matters Most
At Wilkinson, we don’t just invest in properties; we invest in the communities where families build their futures. Indianapolis, with its unique blend of suburban stability and economic momentum, represents the perfect setting for our next chapter. By combining a buy right strategy with a commitment to the resident experience, we strive to create the kind of lasting stability that defines a true championship legacy.
Whether you are seeking the possibility of steady monthly distributions or long-term capital appreciation, Fund 17 is designed to align with your personal goals. We’ve done the heavy lifting, from identifying high-conviction potential growth paths to executing purposeful value-add plans, so that you can focus on the legacy you want to leave behind.
Let’s move past the what and discuss the how. I’m here to answer those questions popping up and help you see exactly how this opportunity can become a cornerstone of your legacy.
Schedule a time to talk with David today.
About the Author
David McKinney is the Managing Director and EVP of Investor Relations at Wilkinson. With over $2.5 billion in transactions completed during his tenure, David leverages his strategic insights and emotional intelligence to enhance client and team experiences. Beyond his professional endeavors, he is a husband and father, enjoying outdoor adventures in lakes and mountains near his home in Washington State, and he is actively involved in his community as a Rotarian, committee chair advisory board member reflecting his commitment to leadership and service.
*This does not constitute an offer to sell or the solicitation of an offer to buy securities. Securities may be sold only to accredited investors and only through an offering memorandum. No person has been authorized to give any information or to make any representations in connection with any offering of Wilkinson Corporation’s securities other than the information and representations contained in the offering memorandum. All prospective investors should read the offering memorandum and consult with their own legal, accounting, tax, and financial advisors before deciding to invest. This email contains forward-looking statements that relate to future events, future developments, or forecasts of a property’s or fund’s future financial performance. All investments involve risks and uncertainties and these statements are only predictions based upon assumptions. Actual events or results may differ materially. There is no guarantee that any fund’s objectives, future results, levels of activity, performance, or plans will be achieved.
