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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
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CONTACT
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
EJ Wujek
Associate Director 248.341.3316 ej.wujek@berkadia.com
Conor David
Director
614.796.0222
conor.david@berkadia.com
Robert Falese
Senior Managing Director 215.328.1321 robert.falese@berkadia.com
TJ Piper
Director 215.328.3219 tj.piper@berkadia.com
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
PHOTO GALLERY
Battle Creek Rental Market
The broader Battle Creek rental market encompasses approximately 59 apartment communities, ranging from 10 to 626 units, with a total of 5,343 units. These communities have been developed over a span of 56 years, from 1959 to 2021. Of these, 25 communities, with unit counts between 76 and 626, account for 4,663 units, representing 87% of the market. Additionally, nine of these communities, totaling 1,317 units, are designated as affordable or rent-restricted.
Since 2001, only five new properties have been constructed, with three built in 2000 and 2001. The two most recent developments are The Milton, an 85-unit adaptive reuse project completed in 2020, and Redwood of Battle Creek, a 162-unit property completed in 2021. The Milton, located downtown, benefited from substantial governmental incentives, while Redwood is situated just 1.1 miles from the Arbors, with rental prices ranging from $1,899 to $2,250.
Redwood specializes on BFR / empty nesting residents. The Battle Creek apartment market is marked by a scarcity of new developments in recent years, with much of the market comprising older, established communities. The Arbors of Battle Creek emerges as a prominent player within a flourishing submarket, gaining from its proximity to recent developments and its reputation as a sought-after rental location. The market’s emphasis on both affordable and premium housing options highlights a diverse range of opportunities.
Given the limited supply of newly constructed properties, renters are increasingly seeking upgraded living spaces. Consequently, the Arbors is ideally positioned for a new investor to renovate the units, capitalizing on the substantial potential for increased returns.
Investment Highlights
Value-Add Opportunity
A successful value-add program has already been demonstrated with 47 units, providing strong support for expanding this initiative to additional units. Currently, the rent premiums for these units’ average $255 per month, with 44 units occupied and three vacant. This success, combined with the high occupancy rates and competitive rents in the submarket, underscores the potential for continuing a strategic and systematic value-add program.
Excellent Physical Condition
Through professional management and a strategic capital improvement program Arbors of Battle Creek has an excellent reputation in the marketplace. Secondly, over the past three years ownership has invested in excess of $7.9 million in property improvements creating the opportunity for new ownership to continue with the accretive value-add program. Strong Submarket Metrics
The immediate rental market exceeds 96% occupancy. Arbors is currently 95% occupied with effective rent growth of 3.7% and market rent growth of 4.35% from March of 2024 to March of 2025.
Attractive Location
Situated off Capital Avenue Arbors is just 0.7 miles from the I-94 Interchange providing easy access to employment and entertainment options. Residents are less than a 15-minute drive to primary employers such as Kellogg Company’s World Headquarters, Firekeepers Casino, the new Blue Oval Battery plant and the Fort Custer Industrial Park. The local economy is diverse, with significant contributions from manufacturing, healthcare, education, and technology sectors. Diverse Unit Mix
Arbors of Battle Creek features a variety of living options, including 1- and 2-bedroom apartments and townhomes, complemented by detached garages or carports. The availability of both classic and renovated units provides a wide range of rental prices, appealing to a broad spectrum of renters. Market Stability
No new apartment developments are planned or under construction contributing to the market stability. Over the next five years, the population within a one-mile radius is projected to grow by 5.3%, with median household income expected to rise by 7.1%. Additionally, median house prices are steadily increasing at 9.1%. With 67% of housing being renter-occupied, these factors collectively ensure the enduring appeal and success of the Arbors of Battle Creek
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QUICK STATS
44.02 Acres
Site Size / Acreage
2 and 3
Stories
15.04 Units / Acre
Density
750 spaces
Total Parking
918 SF
Average SF
574,418 SF
SF
1978 / 1980
Built
626
UNITS
34
Buildings
Community Amenities
• Swimming Pool
• Playground
• Dog Park
• Bike Share
• Sports Court
• Clubhouse with Coffee Station
• Laundry Facilities
• Carport and Garage Parking Available
Unit Amenities
Air Conditioning
• Fully Equipped Kitchen
• Stainless Steel Appliances
• Microwave*
• Granite Countertops*
• White Shaker Cabinets*
• Vinyl Plank Floors*
• Fireplace*
• In-Unit Washer / Dryer*
• Basement*
• Private Entrance*
• Private Patio / Balcony*
*In Select Units
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10 Rambling Lane | Battle Creek, MI 49015
amenities
10 Rambling Lane | Battle Creek, MI 49015
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