OWNED & OPERATED
Granger, Indiana · 400 Units
A 400-unit lakeside multifamily community near South Bend
Acquired by XSITE Capital in July 2021, Elevate on Main is a professionally managed apartment community in Granger, Indiana. The investment offering is fully subscribed.
At a glance
Original underwriting target: 15–18% annually*
*Original underwriting target established at acquisition. This is not a realized return or guarantee of future performance.
The property
Elevate on Main is a 400-unit multifamily community in Granger, Indiana, within the South Bend–Mishawaka metropolitan area. XSITE Capital acquired the property in July 2021 with an original five-year target hold.
Birge & Held manages the community’s daily operations, while XSITE Capital oversees the asset strategy, investor reporting, and execution of the business plan.
Elevate on Main is part of XSITE Capital’s multifamily portfolio across multiple U.S. markets
The community
Elevate on Main combines a large residential community with landscaped grounds, water features, and shared amenities in Granger.
Its lakeside setting helps set the property apart from more conventional apartment communities.
The investment
Elevate on Main expanded the portfolio into the South Bend–Mishawaka region and added a large-scale Midwest apartment community to XSITE Capital’s holdings.
The business plan focuses on professional management, targeted improvements, operating discipline, and the long-term positioning of the property.
The business plan
Complete approved interior improvements as units become available and in response to resident demand.
Maintain and enhance landscaping, amenities, shared spaces, building exteriors, and the lakeside environment.
Work with Birge & Held to strengthen leasing, maintenance, expense management, and the resident experience.
Review operating performance, capital needs, and market conditions throughout the planned hold period.
Elevate on Main apartments in Granger
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The market
Granger is located within the South Bend–Mishawaka metropolitan area and is near major regional institutions, employers, healthcare providers, and the University of Notre Dame.
The property gives XSITE Capital exposure to a Midwest housing market with economic characteristics that differ from its properties in the Southeast and Mid-Atlantic.
See how XSITE evaluates markets and investment opportunities
Ownership and reporting
XSITE Capital oversees execution of the Elevate on Main business plan and provides participating investors with regular reporting through the investor portal.
Updates may cover operations, financial performance, capital projects, apartment improvements, and other material developments.
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Current Opportunities
Explore XSITE Capital’s current offering or talk with the team about future investment opportunities.
