
Encore at Forest Park
5700 Highlands Plaza Dr, Saint Louis, MO, 63110-1307, US
247 单元
JLL has been retained as the exclusive investment advisor in the sale of the Dart Interests Suburban Detroit Portfolio (the “Portfolio”), a multifamily portfolio consisting of 2,748 units across the following seven properties: Heather Ridge, Hidden Lakes, Laurel Valley, Oak Hill, Pine Ridge, Shoal Creek, Woodland Meadows. The Portfolio is locationally diversified across Metro Detroit within the employment and amenity rich suburban markets of Clarkston, Clinton Township, Rochester Hills, Shelby Township, Sterling Heights, and Westland. This offering may be acquired as a portfolio, through sub-portfolios, or on an individual property basis.
Originally developed between 1983-1993 by Dart, the properties have been maintained to the highest standard by the same owner since inception, and acquisition of the Portfolio presents the unique opportunity for a new market investor to acquire immediate scale or an existing market investor to significantly expand their footprint in the highly desirable Suburban Detroit market. Current Ownership has completed selective enhancements across the Portfolio with a strategic focus on defensive capital spend, community amenities, and exterior upgrades totaling $28M+ since 2022 resulting in unwavering property fundamentals and booming NOI growth. Given Current Ownership’s primary focus, the portfolio is primed for a strategic in-unit renovation campaign with proven premiums averaging ±$375/unit/month and other value-add initiatives for Future Ownership to continue capturing nation-leading returns.