Arbor Point Townhomes Sells for $12.9 Million

Detroit- Aging property undergoes $1.2 million in capital improvements.

By Robert Carr | August 30, 2000 at 01:01 AM

The seller was San Francisco-based Bridge Partners. The company bought the building two years ago as a limited dividend housing corporation. BridgePartners paid off the underlying financing and converted the property from subsidized to conventional tenant use, said Kevin Dillon of The Dietz Organization of Birmingham,MI.

Dillon's company represented the buyer and the seller in the deal.

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