The recent mortgage foreclosure of a 300-unit Ypsilanti Township apartment complex promises a number of changes at the property. A building damaged by fire in 2009 will soon be demolished. The potholes along the private drive will be filled in. Every unit will be evaluated for necessary upgrades. And tenants ...
Ann Arbor’s Hidden Valley Club apartment complex is a local example of a $70 billion national real estate problem: Securitized commercial loans that are in default. A foreclosure notice on the 324-unit complex near Briarwood was filed in late April, despite months of ongoing conversations initiated by the owner to ...