PRP announced the acquisition of Cosmopolitan on the Canal, a 218-unit class A multifamily property located along the Central Canal in downtown Indianapolis.
Cosmopolitan on the Canal is an institutionally maintained apartment community offering residents modern amenities, spacious layouts and direct access to the city’s most dynamic employment, education, and entertainment districts. Located in the Indianapolis Canal Walk District, the property combines waterfront living with a highly walkable location.
Originally constructed in 2010, the community’s interiors remain in their original condition and will undergo a comprehensive renovation to deliver an elevated living experience for both current and future residents.
“This acquisition reflects our continued strategy of investing in high-quality multifamily communities in growth-oriented U.S. markets,” said Jon McAvoy, chief investment officer at PRP. “Indianapolis is experiencing continued strong econo
