The GSH Group has purchased two multifamily apartment communities in the Greater Detroit area, both from the same seller. The combined purchase price was 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,” said Pfeffer. “The seller has made significant improvements to the interior of the units over the past four years — opening up floorplans and installing new cabinets, quartz countertops and fixtures. We look forward to improving shared amenities such as gyms and yoga studios, resort-like pool areas, and gathering spaces to ele
