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NOBLESVILLE, Ind. — Middle Street Partners has acquired Outlook Hamilton, an active adult community located in Noblesville, roughly 20 miles northeast of Indianapolis.
Totaling 172 units, the property marks the second active adult acquisition for Middle Street this year. In July, Middle Street completed the purchase of Elate Royal Oaks, an active adult community located in Houston.
“We’re excited about our recent acquisitions and the continued opportunities emerging in the Active Adult sector,” says Chris McGuffin, managing director of Middle Street. “Historically, the primary risk in this space was oversupply, but the past several years have effectively eliminated that concern in the near and mid-term.”