INDIANAPOLIS, IN -- (Marketwire) -- 11/07/12 -- Sophia Square, a luxury apartment residence in Carmel, IN, managed by Jupiter Communities, LLC, grabbed one of the 2012 Prodigy Awards during the 2012 Midwest Multifamily Exposition and Education Conference.

The Prodigy Awards, along with the individual Awards of Excellence, are presented annually by the Indiana Apartment Association during the President's Dinner on the second day of the annual convention.

Sophia Square received the prestigious award for Best Floor Plan (Communities 1-10 years in age) -- Under 800 square feet for their one-bedroom Monaco style floor plan.

Kellie DeVilbiss, President of Jupiter Communities, LLC, said, "These awards are truly an honor for the Jupiter Communities team at Sophia Square and a testament to their hard work and commitment to excellence. They've been recognized by their peers and by the Indiana Apartment Association for continuing to do an outstanding job."

Located at the corner of Main Street and the Monon Trail in Carmel, Indiana's vibrant Arts and Design District, Sophia Square offers 202 new one-, two- and three-bedroom eco-friendly apartment homes as well as an underground parking garage and ground floor retail space. The wide selection of luxury residences at Sophia Square feature condo-quality finishes such as rich granite countertops, stainless steel and black energy-efficient appliances, full-size washers and dryers, luxe cherry cabinets, contemporary lighting and fixtures, verandas and balconies, and expansive windows with sweeping downtown and courtyard views. The pet-friendly community offers an extensive menu of resident amenities including an executive center, lounge, teaching kitchen, billiards, Wii gaming space and 3D cinema as well as access to the on-site Anytime Fitness health club. A key feature of Sophia Square is the European-inspired public courtyard with planters, seating, and a resident-only area with a pool, grilling stations, and sundeck. On-site retailers including Detour -- An American Grille, Huddles Frozen Yogurt, Adara Day Spa, Taste of Sensu, Café St. Tropez, Canine Cloud Nine, Harrison Jewelers, and 14 Districts surround the courtyard.

The IAA Prodigy Awards are presented annually to multifamily housing companies and professionals who have demonstrated excellence in the previous year.

About Sophia Square
Developed by the Keystone Group, Sophia Square is a luxury apartment residence in Carmel, IN and is expected to be among the first in the area to be LEED Silver certified. Located at 110 West Main Street, adjacent to the Monon Trail, Sophia Square features 202 luxury one-bedroom, two-bedroom, and three-bedroom apartment homes and lofts. The European-inspired building also includes an underground two-story parking garage and over 46,000 square feet of ground floor retail space. Each residence at Sophia Square features black and stainless steel energy-efficient appliances, granite countertops, a washer and dryer, generous closet space and plentiful natural light. Additionally, the pet-friendly building offers a wide selection of resident amenities and an expansive public courtyard with planters, seating, and a resident-only area with a pool. For more information, visit www.sophiasquareapts.com or contact the leasing office at (317) 815-0110.

About Jupiter Communities
Jupiter Communities, a subsidiary of RAIT Financial Trust, is a full-service multifamily property management company with approximately 11,000 apartment units under management nationwide. The leadership at Jupiter Communities boasts more than 50 years of industry experience managing and maximizing the value of apartment communities across the nation, giving it the ability to offer expert advice and superior services including property management, valuations and market studies, accounting, due diligence, dispositions, and construction management. For more information, please visit www.jupitercommunities.com or contact Kellie DeVilbiss at 312-924-1601.