Coil Apartments in Broad Ripple sold for more than $40 million
A year-old grocery-anchored apartment property in Broad Ripple has been sold for more than $40 million. The Coil Apartments complex, 6349 N. College Ave., was acquired Nov. 20 by Coil Apts. LLC, an affiliate of Chicago-based private-equity firm RDG Funds. The 151-unit complex covers 2.74 acres near the heart of Broad Ripple.