Detroit Multifamily Report – December 2022

Despite the market cooling, transactions marked a record.

Monark Grove Clarkston

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.

875 E 24th St. Image courtesy of Resthaven. Renderings are artist interpretations and subject to change.

Resthaven Begins Construction of Michigan Senior Community

This $72.5 million project is scheduled for completion by 2024.

Editorial Director Suzann D. Silverman

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.