Tricap Residential Buys 300-Unit Apartment Complex in Hobart

Tricap Residential Group bought the 300-unit Lake in the Woods apartment complex in Hobart, Indiana, for $19.4 million.

The purchase of the complex at 333 Neringa Lane from Bayshore Properties gives Chicago-based Tricap two multifamily properties in the Northwest Indiana suburb. It also owns the 186-unit Hampshire Park complex at 400 North Lake Park Avenue.

Read original story by John O’Brien

(Lake in the Woods at 333 Neringa Lane and Tricap Residential Group’s Bryan Pritchard. Credit: Apartments and Tricap.)