FARMINGTON HILLS, MI-A half-interest in the 981-unit Independence Green Apartments costs Denver-based multifamily REIT Aimco $45 million. However, the deal also includes a 401-unit Iowa City, IA complex.
Aimco also acquired a 401-unit apartment complex located in Iowa City, IA from Atlantic.
Harry S. Ellman of Fidelity Title Co. of Bingham Farms, MI and the law firm of Dykema-Gossett coordinated the transaction with the Stewart Title Guaranty Co. of Houston.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
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