Marcus & Millichap Inc., a leading commercial real estate brokerage firm, announced the successful brokerage of an 81-unit multifamily portfolio in the Grand Rapids, Michigan MSA, sold for $6.65 million. The transaction underscores the strong investor interest in the Grand Rapids market, known for its robust demographics and stable rental demand. The portfolio, consisting of 53 units in Wyoming, Michigan, and 28 units in Holland, Michigan, was acquired by an active investor represented by Lighthouse PM. The buyer plans to renovate the properties and enhance the community. The sale was facilitated by Marcus & Millichap's investment specialists Aaron Kuroiwa and Austin Meeker.
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