Nese Opens in Whitestown

Milhaus broke ground on the 240-unit community in May 2021 and welcomed its first residents in June 2022. Community members are invited to visit Nese during its Open House Event on Aug. 4 

INDIANAPOLIS (August 4, 2022) – Milhaus, a national award-winning developer, owner and operator of class A, in-fill multifamily properties, and partners Humphreys Capital and Lake City Bank are excited to announce that Nese is now open in Whitestown.

After nearly a decade of being one of the fastest growing cities in the region with a year-over-year population growth of approximately 8%, Whitestown’s growth is just getting started. The vibrant, family-friendly community is being buoyed by additional investment and employment growth, and Nese residents will be in the heart of all that is to come.

Nese is a new development that nods to an appreciation of the city’s earliest days. Pronounced “neese,” the 240-unit apartment community pays homage to Whitestown’s first plat owner, Abram Nese, and his family’s pioneering and visionary spirit. Reflective of another start of something new, Nese symbolizes an appreciation of where Whitestown started while embodying where it’s going.  

Nese was developed alongside forthcoming master-planned developments in Whitestown aimed at creating a commercial, retail, athletics and entertainment epicenter. The community is located just north of the Little League® Central Region Headquarters and Ballfield, which attracts approximately 20,000-40,000 visitors every summer for youth baseball and softball games. Future developments in Whitestown, including a youth sports environment, hotel, water park, housing, retail space and more will be within close proximity to Nese.

“Nese’s location couldn’t be better on Indianapolis Road. It’s within an easy drive to downtown Indianapolis, Zionsville, Westfield and Carmel, and located in the excellent Zionsville Community Schools district. This is a wonderful, family-friendly addition to our community,” said Whitestown Town Council President Clinton Bohm. “We look forward to welcoming new families to Whitestown.”

Nese’s homes range from studios to three bedrooms and include surface and private garage parking options, and top-tier community amenities, including a pet-friendly community with no breed or weight restrictions; an on-site pet spa and bark park; indoor and outdoor event and entertainment spaces; a 24-hour fitness studio, yoga studio, cycling studio and pickleball court; bike parking and storage; and much more. Individual units include open concept floorplans, large windows and kitchen islands, nine-foot ceilings, stainless steel and energy-efficient appliances, washers and dryers, fiber-ready internet and more.

“We’re thrilled to bring this community to life in Whitestown, and like the town itself, we’re just getting started,” said Brad Vogelsmeier, VP of Development at Milhaus. “In addition to Nese, the envisioned and planned developments are creating a new center of energy for this thriving I-65 corridor.”

Milhaus partnered with Oklahoma City-based Humphreys Capital to provide equity to the development.

“Nese has been a wonderful project to be involved with. Whitestown is a booming suburb with a bright future, and we are honored to continue our long-standing relationship with Milhaus,” said Todd Glass, Senior Managing Director of Investments at Humphreys Capital.

Lake City Bank provided financing for Nese, led by John Dietzen, Vice President, Commercial Banking Officer, who said, “We are pleased to continue and expand our successful financial partnership with Milhaus, on such an exciting and impactful project complementing the thriving Whitestown community.”

Members of the community and prospective residents are invited to attend an Open House Event on Thursday, Aug. 4, from 4-7 p.m. to meet the Nese team and tour the property. Live music from Robert Newport, cocktails and appetizers will be provided. Learn more about Nese and its amenities at neseapts.com, and learn more about Milhaus communities across 11 states at www.milhaus.com.

ABOUT HUMPHREYS CAPITAL

Humphreys Capital is a real estate investment company that acquires, develops and operates income-producing, multi-sector properties including industrial, multifamily, office and retail. The firm’s investment and development focus is on dynamic high-growth cities across the United States, where it specializes in privately negotiated off-market, mid-size deals of institutional quality. The multigenerational team provides seasoned expertise and exposure to diversified commercial real estate for accredited and institutional investors. The firm has raised more than $675 million since inception across four funds. Visit www.humphreyscapital.com for more information.

ABOUT LAKE CITY BANK

Lake City Bank, a $6.2 billion bank headquartered in Warsaw, Indiana, is the seventh largest bank headquartered in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 52 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses. The bank is the single bank subsidiary of Lakeland Financial Corporation (Nasdaq Global Select/LKFN). For more information visit www.lakecitybank.com.