The Michaels Organization, a national leader in residential real estate with full-service capability in development, property management, construction and investment, announced that it has acquired a 12-property residential portfolio in Indiana. According to the press release, the portfolio includes affordable housing, workforce housing and commercial spaces totaling 831 units, upping Michaels’ presence in the midwestern states to more than 5,300 apartments. The communities, which are located in the Indianapolis and Fort Wayne areas of the state, include ten LIHTC properties and two workforce housing communities. The affordable communities serve residents at or below 60 percent of the Area Median Income.