Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to exclusively offer for sale the Brookstone Portfolio comprising 310 Mechanic Lofts & The Village at Rivers Edge, totaling 66 LIHTC units located in Jackson, MI & Kalkaska, MI respectively. This portfolio provides investors with stable, bond-like cash flow characteristics—evidenced by 100% and 98% occupancy, average tenant tenures of 4.2 and 6.0 years, and collection rates exceeding 99%. Residents benefit from best-in-class modern construction, quality amenities including secured parking, in-unit washer/dryer connections, designer finishes, and community spaces.

310 Mechanic Lofts sits in the heart of downtown Jackson, within walking distance of the Jackson YMCA, schools, restaurants, retail centers, and entertainment venues & benefits from proximity to leading educational and automotive employment hubs, including Michigan State University, the University of Michigan, and major automotive manufacturing plants operated by General Motors, Ford, and Stellantis. While The Village at Rivers Edge is located approximately 30 miles east of Traverse City, capturing exceptional rental momentum from a supply-constrained Northern Michigan market.

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