CBRE Arranges Sale of 295-Unit The Signature at Carmel in Carmel, Indiana

CBRE has arranged the sale of The Signature at Carmel, a 295-unit multifamily property in Carmel.

CBRE's Hannah Ott, George Tikijian, Cam Benz and Claire Hassfurther represented the seller in the transaction.

"Our sellers delivered an exceptional product, and the market responded – 14 net move-ins per month and tracking to 94% occupancy is a remarkable lease-up story," said Ott. "Birge & Held saw the opportunity to acquire a best-in-class asset in one of the Midwest's most affluent and supply-constrained submarkets. With limited new deliveries expected in Carmel in 2026, the long-term fundamentals here are strong." said Ott.

The Signature at Carmel is located at 13111 Old Meridian St., minutes south of U.S. Route 31 and offering access to several retail, entertainment, recreation and public park venues. Built in 2024, the property features a mix of studio, one- and two-bedroom floorplans, averaging 816 square feet.

Community and unit amenities include a resort-style swimming pool, fitness center, dedicated co-working spaces, in-unit washers and dryers, climate-controlled parking garage, pickleball court, pet spa and a private patio or balcony in each unit.