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Property Description
The Ravines is a 2017-built, 54-unit luxury townhome asset located in Pittsfield Township, in the Detroit MSA. The Ravines offers large-format units (1,331 SF avg.) in a supply-constrained, high-income rental market. Acquired fully occupied and at a discount to comparable sales, the property benefits from proximity to major employment corridors, universities, and top-rated public schools. The Ravines shares strategic operational efficiencies with nearby Blue Heron Pointe, just 2.3 miles away, enhancing management scale and performance. With strong demand drivers, favorable debt terms, and room for rent growth, the investment supports both immediate and long-term value creation.
Property Details
Acquired Date
Year Built
February 2020
2017
Units
54
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