Sal LaViña Closes $23 Million Indianapolis Island Club Acquisition for Summit Equity Investments, Inc.

January 12, 2017

Sal LaViña of Enenstein Ribakoff LaViña & Pham represented his Los Angeles-based clients Summit Equity Investments, Inc., in their first big deal for 2017–the $23 Million acquisition of the Island Club Apartment Homes, located on the west side of Indianapolis. The 314-unit property is located next to a 25-acre lake, and was built in 1990.

Sal is the Transactional Department Chair at Enenstein Ribakoff LaViña & Pham, and he has represented Summit Equity Investments in several dozen transactions acquiring over 5,000 multifamily units. Summit specializes in the acquisition and rehabilitation of under-managed or distressed “Class B” multifamily assets throughout the US, strategically pursuing value-add acquisition opportunities in strong secondary markets.