Thompson Thrift, has announced the sale of Slate at Fishers District, a 242-unit, luxury build-for-rent community in Fishers. The property was acquired by Bonaventure Holding Company for an undisclosed amount.
The sale was brokered by a team from CBRE, including George Tikijian, Hannah Ott, Ted Abramson, Cam Benz, Claire Hassfurther, Ryan Stockamp, and Sean Pingel.
“Slate at Fishers District represents a community we’re truly proud to have developed, not just for its design and quality, but for the meaningful impact it has had on residents and the broader Fishers community,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Slate reflects Thompson Thrift’s commitment to excellence, and we’re excited to continue building on that momentum as we look ahead to future phases of the Fishers District.”
Situated on approximately 25 acres at the southeast quadrant of Interstate 69 and 116th Street, Slate at Fishers District offers a mix of one-, two-, and three-bedroom villas, as well as three- and four-bedroom townhomes. The residences feature amenities, including bar-kitchens with quartz countertops, stainless steel appliances, 10-foot ceilings, designer light fixtures, walk-in closets with custom wood shelving, full-size washers and dryers, and smart home technology. Community amenities include a professionally decorated clubhouse, a 24-hour fitness center, a resort-style swimming pool with cabanas, a bark park, and a doggie spa.
Completed in May 2024, Slate at Fishers District has already achieved an occupancy rate exceeding 90%. The community is one of five distinct developments within the expansive Fishers District master plan, which will eventually cover 123 acres and include multifamily residences, townhomes, a hotel, office spaces, and a variety of dining, shopping, and entertainment options. Notably, the development includes the Fishers Event Center, a 7,500-seat arena home to the Indy Fuel, Indy Ignite, and Fishers Freight.
Thompson Thrift has been working on the Fishers District development since 2015 and was recognized with a Monumental Award from the Indianapolis Chamber of Commerce in 2020 for the first phase of the project. When fully completed, the $750 million development aims to be a mixed-use destination in the region.
“Slate at Fishers District generated significant interest from a wide range of buyers thanks to its strong lease-up, high-quality construction, and prime location,” said George Tikijian, vice chairman of CBRE. “It’s a standout asset that not only performs well but also adds long-term value to the Fishers community.”
Since its founding nearly 40 years ago, Thompson Thrift has invested more than $6 billion in local communities and has earned a reputation as a trusted partner in developing high-quality multifamily and commercial properties across the Midwest, Southeast, and Southwest.