US EditionKentwood apartments sell for $130M as West Michigan multifamily market bucks a trend
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Kentwood apartments sell for $130M as West Michigan multifamily market bucks a trend
A California firm recently acquired a 924-unit apartment complex southeast of Grand Rapids for $135 million amid what experts say is a thriving multifamily market in West Michigan despite high interest rates. San Francisco-based FPA Multifamily LLC on Aug. 29 acquired the 924-unit Woodland Creek and Woodbridge Apartments in Kentwood for $135 million, or $146,104 per unit, from an entity tied to the principal of Airmont, N.Y.-based Embassy Group …
·Grand Rapids, United States
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