Carlton Apartments

Andover Real Estate, M Group Acquire Detroit Community

Carlton Apartments has 144 units and is located in the Lafayette Park area of the city. Greystone provided the Fannie Mae Green Rewards financing for the acquisition.

Detroit’s Unique Development Scene

Jonathan Holtzman of City Club Apartments discusses what sets the metro apart from other Midwestern markets.

On the Market: 5 Interesting Listings for the Week of 8/17

This week’s list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.

Douglass Site detail

Mixed-Income Development Receives City Council Approval in Detroit

Bedrock Detroit and Woodborn Partners will develop a 900-unit residential neighborhood on the former Frederick Douglass public housing site, one of the largest vacant properties in the city.

Record Supply Takes Its Toll in Detroit

The high number of multifamily units completed in 2017 moderated rent growth, which nevertheless continues to outpace the national average.

Brush House (Image courtesy of Morris Adjmi Architects)

Detroit to Welcome $102M Brush Park Developments

Brush House, Brush 8 and Brush + Watson will bring 367 new units to to the city’s historic neighborhood. About one third of the units will be affordable.

Asset Campus to Manage MI Student Housing

Located a stone’s throw from the University of Michigan campus in Ann Arbor, 411 Lofts came under new ownership in February.

Glenwood Apartments, 4632 S. Hagadorn Road, East Lansing, Mich.

Arbor Refinances Michigan Student Housing Community

Glenwood Apartments in East Lansing, Mich., obtained a fixed-rate loan with a 35-year term. The owner, DTN Management, purchased the student housing community in 2006.

Greystone Provides $36M for MI Asset

Gables of Troy, a 544-unit community in metro Detroit, will receive a HUD-insured Green Rewards refinancing loan. The 35-year mortgage carries a low, fixed interest rate.

Portland School Apartments, Portland, Mich.

Woda Cooper Opens Partially Affordable Michigan Community

Portland School Apartments is an adaptive-reuse project that consists of 29 new units available for seniors and lower-income working families in Portland, Mich..