Detroit
Detroit Multifamily Report – December 2022
Despite the market cooling, transactions marked a record.
KIRCO Completes First Michigan Senior Living Community
Beztak will operate the 148-unit community under the Monark Grove brand.
Greystone Secures Financing for Michigan Property
The loan will support refinancing of the townhome-style community.
Greystone Provides Financing for Michigan Community
The funds were secured for a rent-restricted property in Saginaw Township.
Thompson Thrift Acquires 29 Acres in Michigan
The firm will develop a new luxury community including 344 units.
Jonathan Rose Acquires 2 Senior Communities in Greater Detroit
The affordable assets changed hands for a combined $16.2 million.
Detroit Multifamily Report – August 2022
Detroit’s limited new inventory continued to boost rent development. Despite a decline, the occupancy rate still remained high, at 96.5 percent.
Resthaven Begins Construction of Michigan Senior Community
This $72.5 million project is scheduled for completion by 2024.
New Solutions to Housing Affordability
Rising construction costs are complicating efforts to meet demand for low-income housing. But new collaborations and the President’s recently announced plan offer possibilities for success.
CPC Mortgage Closes $106M Loan for Michigan Affordable Portfolio
The financing will be used to acquire and preserve more than 1,600 units across the state.