OPPORTUNITY

240 Unit apartment project located approximately 3 miles north of Purdue’s main campus in West Lafayette, IN, near Purdue’s Discovery Park District. Discovery Park totals several million square feet of research, production, and office space – with total public and private investment totaling nearly $2.5 billion. The project benefits from the rapid growth seen in the greater Lafayette market, as well as Purdue University’s rapid enrollment growth. Wabash Lofts also benefited from a very low construction and land acquisition basis. In April 2025, Wabash Lofts was sold generating a 20.4% IRR and an Equity Multiple of 1.5 to 1.