Farmington Hills, MI – (June 1, 2021) Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold University Parke Suites in Big Rapids, Michigan, a student-housing apartment community comprised of 9 multi-family buildings containing 117 units with a total of 468 student beds. The 2008 built community is located less than a mile from Ferris State University in northwest Michigan. Friedman, who currently manages over 15,000 apartment homes throughout the US, acted as receiver and property manager to prepare the asset for sale to maximize value for our institutional client. Friedman’s Rich Deptula advised both parties in the transaction.
about friedman real estate
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Multi-Family, Brokerage and Construction services that it offers.
Friedman manages more than 100 commercial properties encompassing more than 15M SF and more than 15,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $20 billion in closed transactions. As owners and managers of commercial property for over 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at www.friedmanrealestate.com and on LinkedIn, Facebook, Instagram, YouTube, and Twitter.