JOINT VENTURES
Joint Venture Real Estate Projects
These initiatives represent Dream Center Indianapolis’ current joint venture real estate initiatives, developed to support long-term organizational sustainability while advancing measurable social impact. Each project reflects a disciplined, mission-aligned approach to real estate by balancing thoughtful development, responsible financial stewardship, and outcomes that extend beyond the property itself.
Join us for an intimate Investor Reception on February 19 at 4:00 PM - 6:00 PM at The Fountain Room in Massachusetts Avenue, Indianapolis, where we’ll share more about our vision and upcoming joint venture projects.
OHIO STREET PROJECT
222 E Ohio Street | Downtown Indianapolis
WORKFORCE HOUSING FOR FOSTER YOUTH AGING OUT OF CARE
The Ohio Street Project delivers approximately 60 apartment homes for foster youth transitioning out of the system at age 18 — a population facing one of the highest risks of homelessness and unemployment.
Structured under a long-term master lease with the Indiana Department of Child Services, this project eliminates traditional lease-up risk while aligning with the State’s Awaken Agenda to decentralize services and reduce system inefficiencies.
Stable Tenancy: 10-year master lease backed by Federal Chafee funding
Proven Demand: Existing and projected OYS caseloads support full utilization
Embedded Services: Residents are automatically enrolled in workforce, financial, and self-sufficiency programming
Defined Transitions: Average 24-month length of stay supports predictable operations
WHY THIS WORKS
100% of youth receive immediate trauma screening
Higher placement stability within the first 90 days
Increased kinship placements
Reduced staff injuries and turnover
MEASURED OUTCOMES
PROJECT HIGHLIGHTS
MERIDIAN STREET PROJECT
Meridian Street | Indianapolis
AWAKEN FAMILY CENTER
The Meridian Street Project reimagines the first point of entry into foster care by replacing temporary office placements with a dedicated, trauma-informed intake and stabilization center.
Designed as mission-critical civic infrastructure, this facility supports DCS operations while co-locating clinical, placement, and advocacy partners under one coordinated services model.
Reduces foster youth homelessness in Marion County
Improves employment and long-term self-sufficiency outcomes
Cuts administrative and intermediary costs for the State
IMPACT AT SCALE
Essential Use: Non-cyclical demand tied directly to state child welfare operations
Centralized Model: Reduces strain on DCS staff and improves placement outcomes
Accountability: Performance measured against defined system-wide KPIs
Scalable Design: Modeled after successful national intake centers
WHY THIS WORKS
PROJECT HIGHLIGHTS
Our Investment Approach
These joint venture projects reflect a disciplined real estate strategy focused on:
Long-duration, government-aligned leases
Predictable utilization driven by structural demand
Integrated operations that reduce volatility
Transparent governance and reporting
By aligning long-term real estate with public-sector priorities, these projects create stable assets that drive self-sufficiency, reduce system strain, and deliver measurable impact over time.
For questions regarding access, structure, or next steps, please contact Michael Woods at mike@dreamcenter-ind.org.
All materials are subject to confidentiality and non-disclosure expectations.