Team Expands Multifamily Portfolio with Strategic $84M Acquisition
CARMEL, IN / ACCESS Newswire / July 10, 2026 / Expedition Partners, a private investment firm, in partnership with Birge & Held, a leading national real estate investment, management, and construction firm, today announced the acquisition of The Signature, a newly completed Class A multifamily community in Carmel, Indiana. This milestone transaction propels the partnership’s joint multifamily portfolio to approximately $340 million and positions the venture to achieve $500 million by the end of 2026, with a strategic plan to reach $1 billion within the next 36 months.
The acquisition reflects the partnership’s continued focus on opportunistic, asset-backed investments where long-term demand in desirable communities create durable cash flow and resilient value creation over time.
Carmel’s market fundamentals were central to the investment thesis. U.S. News & World Report ranked Carmel the No. 1 Best Place to Live in America in its 2026-2027 rankings. As one of the newest completed Class A multifamily projects in the community, The Signature occupies a prime location directly across the street from a major planned municipal recreation area. Coupled with the municipality’s desire to curb future multifamily development, the transaction represented a rare and highly unique opportunity to capture a top-tier asset in an exceptionally insulated, high-demand market.
“The Signature is exactly the kind of multifamily investment we target,” said AJ Issenman, Senior Vice President at Expedition Partners. “We focus on high-quality, institutionally built communities in markets with proven long-term demand and real barriers to new supply. Carmel’s position as the best place to live in America and the city’s thoughtful stance on future multifamily development align squarely with our investment thesis. This acquisition is a key step as we grow our multifamily exposure toward $1 billion, while also complementing our established aviation portfolio.”
“Carmel is exactly the kind of market where we want to continue investing,” said Andrew Held, Co-CEO & Founder of Birge & Held. “The Signature combines high-quality construction, an exceptional location, and long-term relevance within a community that continues to distinguish itself nationally. We are excited to expand our partnership with Expedition Partners through an investment that reflects our shared focus on durable multifamily assets.”
“What makes this partnership effective is a disciplined approach to capital allocation and structuring,” Issenman added. “Across both aviation and multifamily, we remain focused on backing high-quality assets with capital structures designed for durability, flexibility, and long-term performance. The Signature fits that model well.”
Expedition Partners and Birge & Held have built a robust track record of investing in strategically important markets. Landmark assets within their joint portfolio include:
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Centennial (Aspen, Colorado): The largest land development site ever completed inside the Aspen city limits and providing the greatest single capacity for temporary workforce housing in the community.
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Ute City Apartments (Aspen, Colorado): A premier real estate investment in downtown Aspen that allows it to serve the community’s temporary workforce housing needs.
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Other Corporate Growth Target Zones: The partnership also has numerous strategic real estate investments in high-growth regions shaped by major corporate infrastructure expansions.
About Birge & Held
Birge & Held is a nationally active real estate investment, management, and construction firm focused on multifamily real estate. Since its inception in 2008, the firm has acquired more than 26,000 apartment units. Known for its innovative, fully integrated real estate platform, Birge & Held has been recognized as a USA TODAY Top Workplace, an Indianapolis Star Top Workplace, and CEO Taggart Birge was recently named to the IBJ Media “Indiana 250” list of the state’s most influential business leaders. Andrew Held, a co-founding partner of Birge & Held, retains a board role of Expedition Partners, underscoring the deep alignment in supporting the partnership’s strategy.
About Expedition Partners
Expedition Partners is a private investment firm focused on an asset-backed strategy anchored in real, durable operating assets. The firm targets opportunities where tangible collateral and long-term cash flows create resilient value across cycles, with a particular emphasis on commercial aviation and institutional-quality multifamily real estate assets. Expedition Partners invests its own shareholder capital, enabling an independent and flexible investment approach unconstrained by outside investors.
Its subsidiary, Aircraft Engine Lease Finance Inc. (“AELF”), owns and leases commercial aircraft and engines to airlines and operators worldwide (www.aelfinc.com).
Contact:
Communications Manager
contact@expeditionpartnersllc.com
SOURCE: Expedition Partners LLC
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