The Otis at Fort Ben

A ground-up multifamily community on the former Fort Benjamin Harrison campus in northeast Indianapolis, developed with a joint venture partner. The Otis was our first Qualified Opportunity Zone project, structured with a tax-advantaged 10-year hold. The asset has been refinanced with over 100% of original equity returned and continues to operate as a stabilized cash-flowing project, delivering a 24.8% net IRR and 3.0x net equity multiple.