Kevin Dillon, senior sales associate for Dietz, represented both the seller, Equity Residential, a Chicago-based REIT, and the purchaser, RHP Properties. The sales price was not disclosed.
Woodcrest, at 8300 Woodcrest Dr., is located west of Wayne Road and south of Joy Road in the Livonia school district. Built in 1971, it has 359 two-bedroom units of 950 sf and 99 one-bedroom units with 850 sf. All units have fireplaces, individual gas forced-air furnaces, central air-conditioning and hot-water heaters. The complex also has a clubhouse with a fitness facility, locker rooms, a hydrotherapy spa and an indoor/outdoor pool.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.