Successful investment deals often begin with strong relationships and thoughtful market research. A recent closing by Sal Cammarata, Senior Advisor at SVN Raleigh, demonstrates how those two elements—combined with the power of the SVN International global referral network—can create opportunities well beyond a client’s home market.
Sal recently represented a long-time client, Veer Muchandi of Pinaka, LLC, in the acquisition of a daycare investment property in Carmel, Indiana, an affluent suburb just north of Indianapolis. The transaction reflects more than a single deal—it highlights a 10-year working relationship built on trust, strategy, and shared investment goals.
Looking Beyond the Local Market
While Sal and his client frequently evaluate opportunities within their typical geographic footprint, this search required thinking more broadly. Sal conducted extensive research across multiple U.S. markets, focusing on areas with strong demographics, population growth, and favorable long-term investment fundamentals.
One market stood out: Carmel, Indiana. Known for its high household incomes, top-ranked public schools, and family-oriented community, Carmel has become one of the most desirable suburbs in the Midwest. These factors create strong demand for high-quality childcare and early education programs—making daycare properties particularly attractive investments.
After identifying the market, Sal sourced a promising opportunity: The Nest Schools, a newly constructed early childhood education facility.
Leveraging the SVN Network
Because the investment was outside of Sal’s primary region, he turned to one of SVN’s greatest strengths—its collaborative advisor network. Sal partnered with Jess Lawhead, Managing Director at SVN Northern Commercial, who provided local market insight and on-the-ground expertise throughout the transaction.
This collaboration ensured the investor had the benefit of both trusted advisory guidance and local market knowledge, allowing the acquisition to move forward smoothly.
The Investment
The property, located at 10216 North Michigan Road in Carmel, Indiana is a 10,985-square-foot Nest Schools facility completed in 2023. The asset is secured by a 15-year triple net (NNN) lease, offering investors predictable income with minimal landlord responsibilities.
Combined with Carmel’s strong demographics and demand for early childhood education, the property represents a stable, long-term investment opportunity.
A Partnership That Continues to Grow
For Veer Muchandi and his investment group, the transaction reinforced the value of working within the SVN network.
“Working with Sal through the SVN network made our out-of-state investment seamless. He understood our criteria, connected us with the right local expertise, and kept us confident throughout the process. Thanks to that collaboration, we secured a strong investment that fits perfectly with our long-term strategy.”
— Veer Muchandi, Pinaka, LLC
The success of this deal has also highlighted the strength of the Carmel market. Sal is already evaluating additional investment opportunities in the area for other buyer groups interested in entering this thriving community.
With more than 25 years of commercial real estate experience, Sal continues to help investors identify opportunities that align with their long-term strategies—whether across town or across the country—while leveraging the collaborative power of the SVN global network.
