Fairlawn, a Champaign, IL- and Chicago, IL-based investment, management, and development firm, has acquired Chateau in the Woods, a 118-unit apartment community located in Indianapolis, bringing the firm’s total Indianapolis multifamily footprint to 1,000 units. The acquisition marks another step in Fairlawn’s deliberate expansion across the Midwest, where the firm now manages roughly 6,000 units.
Chateau in the Woods features one-, two-, and three-bedroom apartment homes across seven distinct floor plans. Community amenities include a leasing office and clubhouse, swimming pool, and fitness center. Together, these features support comfortable, well-rounded living in an established Indianapolis location.
The acquisition presents a compelling value-add opportunity. A phased renovation program will deliver updated kitchens, bathrooms, flooring, appliances, and in-unit washers and dryers, meaningfully enhancing the living experience for residents. As an added benefit of Fairlawn’s existing Indianapolis presence, Chateau will also serve as a centralized leasing and management hub for two nearby Fairlawn communities, creating operational efficiencies that strengthen the investment profile across the portfolio.
“We have made a deliberate, long-term commitment to the Indianapolis market, and Chateau in the Woods deepens that position in a meaningful way,” said Jason Barickman, Chief Investment Officer of Fairlawn. “With 1,000 units now under management in the market along with our Midwest roots, we are well positioned to continue growing in Indianapolis and across the Midwest.”
The acquisition further establishes Indianapolis as a target market within Fairlawn’s growing Midwest portfolio and reflects the firm’s broader commitment to Creating Better Places through disciplined growth and operational excellence in the markets where it chooses to invest.
About Fairlawn
Fairlawn is a vertically integrated multifamily real estate investment, management, and development firm based in Chicago and Champaign, IL, with roughly 6,000 units and $900 million in assets under management. With ambitious plans for continued growth, Fairlawn is focused on expanding its portfolio across Illinois, Indiana, Kentucky, and other targeted Midwest markets. For investor inquiries, please contact us at investments@fairlawn.com.
