REBusinessOnline

151-UNIT MULTIFAMILY PORTFOLIO SELLS IN DETROIT

DETROIT — DP Precise LLC has acquired the Greenfield Portfolio, a 151-unit REO apartment portfolio located in Detroit. The portfolio consists of three properties located along Greenfield Road and built in 1963. Westfield Apartments offers 56 units, including 48 one-bedroom and eight two-bedroom units; Greenview Apartments features 33 one-bedroom units; and Harvard House offers 62 units, including one studio, 56 one-bedroom units and five two-bedroom units. Bank of America N.A. sold the property for an undisclosed price. Mark Rohr and Eric Taylor of Hendricks & Partners’ Michigan office represented the seller in the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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