DETROIT-Triton Properties based in Denver has acquired four apartment buildings on the Detroit riverfront.
The firm's purchase adds 143 units at or near the city's east riverfront to its portfolio, according to Crain's Detroit Business. No purchase price for the properties was disclosed.
The properties are: the 49-unit Kean Apartments at E. Jefferson Avenue and Hibbard Street; the 43-unit Hibbard Apartments at E. Jefferson Avenue and Hibbard; the Parker Apartments, a nine-unit property at Parker and E. Lafayette streets; and the 42-unit Van Dyke Apartments at Van Dyke and E. Lafayette streets.
Cynex Enterprises of Detroit owned the apartment buildings, says Rich Deptula, senior vice president of investment and loan sale advisory services for Farmington Hills-based Friedman Integrated Real Estate Solutions LLC, which represented Cynex in the transaction. See story in Crain's Detroit Business.
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