Holiday Gardens

Holiday Gardens is a 64 unit apartment community located in Mt Clemens, Michigan. Situated on North River Road the property faces the major access corridor from I-94 to downtown Mt Clemens. Macomb County government and courthouse are all located in downtown Mt Clemens, along with two Macomb county hospitals. The community offers great linkages to major governmental, industrial and retail employers nearby in Downtown Mt Clemens, along I-94, Groesbeck Highway and Hall Road (M-59). With its economic barriers to entry for new affordable apartments in Mt Clemens, Holiday Gardens afforded us a beachhead in an area we sought to aggregate several smaller properties into a group we could manage together, create economies of scale and capture the rental growth premiums in this area.

Highlights

  • Proximity to Employers
  • Affordable housing
  • cosmetic renovations applied

Location:

Mt Clemmons, MI

Units:

64

Acquired:

Q1 2017

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