Twins Real Estate Acquires 96-Unit Apartment Property in Jackson, Michigan
JACKSON, MICH. — Twins Real Estate LLC has acquired North Pointe Apartments in Jackson, about 40 miles west of Ann Arbor. The five-building, 96-unit apartment property is located at 3021 N. Pointe Drive. Amenities include a pool, playground, picnic area and community room. Jack Johns and Stephen Hershfield of CBRE arranged the sale on behalf of the seller, Madison North Pointe LLC. Jason Brown of CBRE structured a $3.1 million Freddie Mac acquisition loan on behalf of the buyer. The 10-year, fixed-rate loan is amortized over 30 years. Andover Management will manage the property.