Fort Wayne just witnessed the biggest apartment deal in Indiana history. Canterbury Green, the sprawling 2,000-unit community famous for its own golf course and resort-style perks, changed hands for a jaw-dropping $207.7 million, setting a new state record that has real estate circles buzzing.
Largest Single-Asset Apartment Sale Ever in Indiana
Real estate giant Morgan Properties closed the purchase from funds managed by OssO Companies and GoldOller Real Estate Investments. CBRE, the brokerage team that handled the sale, confirmed the $207.7 million price tag makes it the most expensive single multifamily property ever sold in the Hoosier State.
The deal closed in late January 2026, according to multiple sources familiar with the transaction. Industry trackers say the sale price works out to roughly $103,850 per unit, a number that reflects both the property’s size and its one-of-a-kind amenities.
This is now officially the highest-price multifamily transaction Indiana has ever seen.
From 1970s Vision to Today’s Crown Jewel
Built in phases between 1969 and 1978, Canterbury Green was designed as a self-contained lifestyle community long before “live-work-play” became a buzzword.
The 157-acre campus still stands out with features most apartment complexes can only dream of:
- Private 8-hole golf course
- Multiple swimming pools and cabanas
- On-site restaurant and lounge
- Movie theater room
- Fitness center and coworking spaces
- Tennis, racquetball, and volleyball courts
- Walking trails and stocked fishing ponds
Longtime residents call it “the resort you never have to leave.” Many have lived there for decades, raising families and building lifelong friendships around the golf course and pool decks.
Morgan Properties Takes the Reins
Morgan Properties, one of America’s largest privately held apartment owners with over 100,000 units nationwide, now owns the iconic Fort Wayne property.
Hannah Ott, who represented the sellers along with the CBRE team, told reporters the group is genuinely excited about the new chapter.
“We’re proud of the work we did here and can’t wait to see how Morgan Properties takes this already special community to the next level,” Ott said.
Early signs point to upgrades rather than upheaval. Sources close to the new ownership group say Morgan plans to invest heavily in modernizing units while preserving the unique character that makes Canterbury Green feel more like a neighborhood than an apartment complex.
What the Record Sale Means for Fort Wayne
The $207.7 million price tag sends a clear message: national investors see serious value in Northeast Indiana’s housing market.
Local economists point to several factors driving the surge:
- Fort Wayne’s steady job growth in manufacturing, healthcare, and tech
- Population gains that outpace much of the Midwest
- Still-affordable home prices pushing more people toward luxury rental options
- Limited new apartment construction keeping premium properties in high demand
The sale proves Fort Wayne has arrived as a legitimate player in national real estate investment.
For current residents, the ownership change brings both excitement and natural questions. Many hope promised renovations come quickly, especially updates to older units built in the 1970s. Others simply want the golf course and community events that have defined their lives here for generations to stay exactly as they are.
One thing everyone agrees on: Canterbury Green isn’t just an apartment complex. For thousands of Fort Wayne families, it’s home.
The record-breaking sale closes one chapter for this beloved community and opens another under new ownership that’s already talking about “elevating” the experience. Whatever changes come next, one truth remains: in Fort Wayne, Canterbury Green remains something truly special.
What do you think about this massive sale? Are you a current or former Canterbury Green resident? Drop your thoughts in the comments below, and if you’re sharing on social media, use #CanterburyGreenSold so we can all follow the conversation.
