Sule Aygoren Carranza

Carmel, IN—Looking for better returns than in traditional condomarkets, Abacus Capital Group LLC has ventured into the Midwest.The company is currently selling units in its latest conversionproject, the 186-unit Wentworth at WestClay, located within theVillage of Westclay, a 680-acre, high-end, master-planned communityhere.

Abacus bought the property a year ago from its originaldeveloper, A.G. Spanos & Co., for nearly $15.2 million shortlyafter it was completed, according to the firm's president and chiefexecutive officer, Benjamin Friedman. It was brand-new and 70%leased at the time.

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