QUICK STATS
268,960
SF:
3.01 units/acre
Density:
1,393 SF
Average SF:
$2.25
Rent / SF:
588 spaces
Total Parking:
1
Stories
33
First Building Expected to be Delivered 2025
Buildings
Proposed 147 Multifamily Units
UNITS
48.79 acres
Site Size / Acreage:
[CEROS OBJECT]
AMENITIES
Fully Equipped Kitchen
Wood Cabinets
Granite Countertops
Luxury Vinyl Plank Flooring
Patio / Balcony
Swimming Pool
Dog Park
Clubhouse with Game Room, Golf Simulator, Full-Size Kitchen
Fitness Center
[CEROS OBJECT]
The Encore at Heritage Woods is an exceptional opportunity acquire a build for rent community in Dexter, Michigan. Located roughly 20 miles from Ann Arbor, the City of Dexter is a vibrant community that has more than doubled in population since 1990. With convenient freeway access, the Encore at Heritage Woods convenient location is within minuts of an active downtown, numerous parks, excellent schools, and a successful business and research complex. The community has a long-running farmers’ market that is essential to the local economy and food system featuring fresh, local food and crafts. The Dexter area also boasts many cultural amenities, including many festivals, a local theatre, the Dexter Historical Museum, summer concerts, and ice skating in the winter. The numerous local amenities and nearby access to Ann Arbor, coupled with the brand new homes at the Encore will provide the residents with a luxurious lifestyle nestled in an amazing location.
New Development Opportunity
OUTSTANDING BUILD FOR RENT ACQUISITION OPPORTUNITY
NEW CONSTRUCTION WITH EXCEPTIONAL QUALITY AND FINISHES
UPSCALE COMMUNITY WITH MEDIAN HOUSEHOLD INCOMES IN EXCESS OF $115K IN A 5 MILE RADIUS. 60% OR MORE HAVE BACHELOR’S DEGREE, 81% ARE WHITE COLLAR WORKERS
OVER $1.5 BILLION IN DEVELOPMENT WITHIN THE UNIVERSITY OF MICHIGAN EXPECTED TO BE COMPLETED IN 2025
ANN ARBOR, MI MSA – RENT VS. OWN WALLET SHARE OF 30.3% TO 47.1%
DELIVERED UPON CERTIFICATE OF OCCUPANCY OR COMPLETED LEASE UP
Opportunity Highlights
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260 E. Brown Street, Ste 150
Birmingham, MI 48009
Investment Sales
Detroit Office
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Dave Strachan
Managing Director 440.668.7174 dave.strachan@berkadia.com
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
Conor David
Director
425.213.5103
conor.david@berkadia.com
Mike MCclafferty
Associate Director
215.328.1298
mike.mcclafferty@berkadia.com
Charley Henneghan
Director
248.341.3303
charley.henneghan@berkadia.com
Kevin 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
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127 Public Square, STE 1440 Cleveland, OH 44114
Cleveland Office
Daniel Guether
Managing Director 216.621.8289 daniel.guether@berkadia.com
621 Baker Road | Dexter, MI 48130
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621 Baker Road | Dexter, MI 48130
Encore at Heritage Woods
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