Multifamily news in Detroit
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Dwight Capital Closes $35M Loan for Detroit-Area Asset
The HUD loan retires another agency-backed loan for the 254-unit community in Novi, Mich.
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FOURMIDABLE Assumes Management of 2 Midwest Properties
The communities total 404 apartments located in Michigan and Missouri.
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VanWest Purchases Michigan Self Storage Portfolio
The acquisition includes two properties in Detroit and three facilities in Grand Rapids.
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Detroit Multifamily Report – Winter 2021
Following a relatively bumpy year, fundamentals should get a boost from federal support and an accelerating vaccine rollout.
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Detroit Multifamily Report – Fall 2020
While the metro's economy recorded a steep drop, rent growth remained resilient, heavily outperforming the U.S. average.
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Detroit Builder Lands $79M Loan for Luxury Project
Asia Capital Real Estate provided the bridge financing for the final phase of the development by City Club Apartments.
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Landmark Properties Expands Student Housing Portfolio
The four communities will add a total of 3,100 beds across Georgia, Florida, Michigan and Washington.
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Detroit Revitalization Project Breaks Ground
Slated for completion in late 2021, the 68-unit development is located in the Sugar Hill Arts District.
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Detroit Multifamily Report – Summer 2020
While rental rates proved resilient during the first half of 2020, the metro might be looking at a prolonged recovery.
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Top 5 Midwestern Markets for Multifamily Development
Construction projects in five metros account for more than 60 percent of the region’s units underway, according to Yardi Matrix data.
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City Club Apartments Kicks Off Detroit Redevelopment
The $25 million project will update the 1974-built tower and designate 20 percent of the units as affordable for the property's current residents.
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Hunt Arranges Refi for Trio of Historic Buildings in Detroit
The company provided a 10-year, fixed-rate Fannie Mae conventional loan for Hibbard Tower, Kean Building and Trombley Lodge.
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JV Breaks Ground on Detroit Community
A partnership of The Roxbury Group, Invest Detroit, Capital Impact Partners and the Michigan Economic Development Corp. is spearheading the development.
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Walker & Dunlop Arranges $48M Loan for Grand Rapids-Area Community
Vice President Benjy Krosin partnered with Inner Circle Holdings’ President Kari Zapolski to originate the transaction.
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Student Housing Community Wraps Up in Detroit
Developer Corvias and Wayne State University have finished the second phase of the 841-bed project.