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

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