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DETROIT-The local branch of Hendricks & Partners has sold two apartment complexesin Michigan recently.The company arranged the sale of Lorain Point, located at 615 John AndersonCourt (West Lorain Street) in Monroe. The 56-unit apartment community wassold for just more than $2 million. The seller was Jamin-Austin PropertiesLLC of Scottsdale, AZ. The buyer was Monroe Apartment LLC of Birmingham,MI.

The transaction, which included the assumption of existing debt, wasnegotiated by Jeff Blanton of Hendricks.

Kevin Dillon of the company negotiated the sale of Hillcrest Homes, locatedat 875 Sheffield Road in Grand Rapids. The 80-unit apartment community wassold for about $1.5 million.The seller was Hillcrest Homes Limited Dividend Housing Association ofSouthfield.The buyer was MHT Housing Inc. of Southfield, MI.

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