TORONTO, May 10, 2018 /PRNewswire/ — Emma Capital Investments Inc. (“Emma Capital”) is pleased to announce the acquisitions of (i) The Retreat Northwest, a 336-Unit Community located at 1130 Racquet Club Drive North, Indianapolis; (ii) The M Club Apartments, (formerly named Salem at 56), a 388-unit community located at 7007 Courthouse Drive, Indianapolis; and (iii) The Aura Apartments (formerly named Courtyards at Kessler), located at 3035 W. 39th St., Indianapolis (the “Properties”). The Retreat Northwest and M Club Apartments have closed and The Aura Apartments is slated to be closed at the end of May. These are Emma Capital’s first investments in Indianapolis, adding to Emma Capital’s total U.S. portfolio to date of approximately 7,500 apartment units in 30 transactions.
The Retreat Northwest was built in 1976 and contains 336 residential units situated on 55 acres. The property is located on the border of Carmel in Hamilton County, the most affluent suburb in Indianapolis. The County was designated in 2013 as CNN Money’s top place to live due to its strong economy, affordable living and top-ranked schools. The Retreat Northwest has a large