![\"\"](\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg\" "\\"Pangea")
<\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\nPangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012. <\/span><\/p>\nUpon acquisition last May, Pangea Courts at 4417 Linwood Court was only 15 percent leased, while Pangea Riverside at 2638 Cold Spring Manor Drive had an occupancy rate of 31 percent shortly after being purchased in September. <\/span><\/p>\nOver the course of a year, Pangea completed the full rehabilitation of the complexes, which offer residents a variety of amenities at affordable rates. \u00a0<\/span><\/span><\/p>\nUpgrades for Pangea Riverside included a new parking lot, an improved pool area, a new laundry room, major construction updates to each individual unit\u2019s deck, as well as new windows. The renovation of Pangea Courts brought updated kitchens, baths and common areas, new windows, parking lot enhancements, an improved roof and laundry facility, as well as a new leasing office.<\/span><\/p>\n\u201cThese are two huge accomplishments for our Indianapolis communities. Taking nearly vacant communities and turning them into an appealing, affordable and livable property in a short amount of time is no easy task,\u201d says Pangea COO & Co-Founder Steve Joung. \u201cWith building improvements, both functionally and aesthetically, our rehabilitations aren\u2019t quick fixes, but focus on longevity contribute to our goal of making Pangea\u2019s communities ideal places to live.\u201d<\/span><\/p>\nWith a focus upon the distressed residential multi-family real estate market, Pangea Properties serves as both property owner and building manager, utilizing a call center to support the high bar for service and scalability. The company was founded in 2008 and has over $250 million into 8,000+ apartment units throughout Chicago, Indianapolis and Baltimore. <\/span><\/p>\nIncluding the completed Pangea Courts and Pangea Riverside complexes, the REIT owns nine communities in Indianapolis totaling 2,700 units. \u00a0<\/span><\/span><\/p>\nIn 2013, the company debuted at number 42 overall on the annual Inc. 500 list, ranking first overall for the Chicago market and second for the entire real estate industry. \u00a0<\/span><\/span><\/p>\nPhoto credits: Pangea Properties<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Pangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21742],"tags":[39384,1815],"class_list":["post-1004086521","post","type-post","status-publish","format-standard","hentry","category-indianapolis","category-latest","tag-international","tag-national"],"acf":[],"yoast_head":"\n
Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties\" \/>\n<meta property=\"og:description\" content=\"Pangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-09T01:53:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T19:08:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/\",\"name\":\"Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg\",\"datePublished\":\"2013-11-09T01:53:42+00:00\",\"dateModified\":\"2022-12-03T19:08:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/","og_locale":"en_US","og_type":"article","og_title":"Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties","og_description":"Pangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012.","og_url":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-11-09T01:53:42+00:00","article_modified_time":"2022-12-03T19:08:23+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg","type":"","width":"","height":""}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/","url":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/","name":"Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg","datePublished":"2013-11-09T01:53:42+00:00","dateModified":"2022-12-03T19:08:23+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/Pangea-Riverside-in-Indianapolis.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/pangea-achieves-90-occupancy-in-record-time-for-two-turn-around-properties\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004086521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004086521"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004086521\/revisions"}],"predecessor-version":[{"id":1004625561,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004086521\/revisions\/1004625561"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004086521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004086521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004086521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}