Arch Realty expands Ann Arbor student rental portfolio after merger
The news is one of several changes at Arch in the last six months: former Arch owner Francis Clark died Dec. 26 after battling an aggressive colon cancer for nearly 18 months, and Ann Arbor based-commercial real estate company Oxford Co acquired the company.
Clark and Jeff Hauptman, president and owner of Oxford, had organized the partnership in 2011.
Hauptman told AnnArbor.com earlier this month there is room for Arch’s portfolio to grow. Right now, it consists of mainly student rentals, representing independent owners united under the single management banner.
Oxford Co. has also made news recently for a handful of commercial property acquisitions in the area via its $8 million investment fund. Most recently, the company purchased the former Fifth Quarter bar on South Fifth Avenue in downtown Ann Arbor.