(Read more on the multifamily market.)
HARRISON TOWNSHIP, MI-New York City-based GFI Capital ResourcesGroup Inc. has scooped up the 376-unit Beachwood Townhomesapartments here for $19.3 million. Waterton Residential, theseller, is relieving itself of all Michigan properties, while thisis the sixth property in Michigan for GFI, says Michael Weiser, anEVP for GFI.
The property has 29 buildings with 199 one-bedroom townhomes and188 two-bedroom units with full basements. All of the units haveindividual entrances, and amenities include a heated outdoorswimming pool, a clubhouse, a fitness center, tennis and volleyballcourts and a playground. The rental rates run from $575 to $940 permonth.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
