Loop acquires three properties totaling 366 units in Southwest Michigan for $14 million

Loop Investments acquired three assets in Southwest Michigan totaling 366 units for $14 million.  The properties, located in the Buchanan and Niles, MI areas, average a current occupancy of 95.8%.  West Wind Apartments, North Niles Villas, and Buchanan Place Apartments were built in the 1970’s and capital improvements are planned to answer the market demand for quality housing.

Management is provided by M2 Property Group based in Chicago, IL.

Rehab at Park at Riverwoods Complete

In early 2019, Loop Investments purchased Huron View Apartments in Ypsilanti, Michigan. The property had been neglected and many residents were months behind on rent. With Eastern University less than a mile away, the potential for a flourishing property was evident. Understandably...