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GSH Snaps Up Two Detroit-Area Apartment Properties for $200M
The GSH Group recently purchased two multifamily communities in the Greater Detroit area. Both were acquired from the same seller, with a combined purchase price in excess of $200 million.
“These acquisitions represent the largest transaction, from a dollar perspective, we’ve ever done,” said Gideon Pfeffer, managing partner at The GSH Group.
The communities will be known as the Meadows at Canton and Meadows at Farmington Hills. “Both communities are located in highly desirable cities, Canton and Farmington Hills, respectively, and are in top-ranked school systems with proximity to national retail, restaurants, and interstate access,” Pfeffer said.
Noting that the seller had made significant improvements to the interior of the units,” he added, “We look forward to improving shared amenities such as gyms and yoga studios, resort-like pool areas, and gathering spaces to elevate the properties to their full potential and enhance its enjoyment for those who live there.”
- ◦Sale/Acquisition
