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Investment Highlights
Severe Housing Shortage Driving Demand
Grand Rapids is experiencing a significant housing shortfall. Kent County needs an estimated 35,000 new housing units by 2027, according to a 2022 Bowen National Research report — creating strong tailwinds for multifamily development.
Top Rated Schools
Forest Hills public schools are regarded as one of the top-tier school systems in West Michigan and Ranked #1 Best School District in the Grand Rapids area. Forest Hills public schools have earned an overall rating of ‘A’ from Niche.com.
Strong Submarket Occupancy Trends
With occupancy rates in the metro of 96.3%, and the northeast submarket of 95.7% as of 1Q26, Grand Rapids continues to support a stable and growing workforce, fueling consistent rental demand.
Rapid Regional Growth
Grand Rapids is the fastest-growing region in Michigan, with a 16.9% population increase since 2010, reflecting its rising appeal to both residents and investors.
High-Performing MSA
With 4.2% year-over-year effective rent growth, the Grand Rapids MSA continues to attract multifamily investment, offering a rare opportunity in a thriving market.
Diverse Economic and Educational Base
Anchored by strong sectors in healthcare, manufacturing, and tech — and supported by institutions like Grand Valley State University — Grand Rapids offers a robust foundation for long-term growth.
Exceptional Market Metrics
- Median Household Income of $130,572 within one mile of Springs at Knapp’s Crossing
- Average Home Sale Price in Forest City Schools over $790k
Institutional Quality Asset with Remarkable Amenities
Springs at Knapp’s Crossing represents a 248-unit, luxury multifamily community located in the flourishing Grand Rapids, MI. The asset is comprised of spacious studio, one-, two-, and three-bedroom apartments averaging 985 square feet.
- Springs at Knapp’s Crossing boasts the market’s premier amenity package including but not limited to; Outdoor BBQ area with fire pit, 24-Hr Fully Equipped Fitness Center, automatic gated entrance, Resort-Style Swimming Pool.
Amenities
Community Amenities
- Resort-style swimming pool
- Outdoor barbecue area with fire pit
- 24-hour fitness center
- Attached and detached garage options
- On-site car care center
- Automatic gated entrance to your community
- 24-hour emergency maintenance response
- On-site pet playground and a pet spa area
- “Above and Beyond” resident services
Unit Amenities
- Townhome-style design with private entry
- Bright, modern, open concept floor plans
- Designer finishes, lighting and details
- Hardwood-style flooring
- Kitchen islands with granite countertops
- Stainless-steel, energy-efficient appliances
- Private balcony or patio
- In-home washer and dryer
- Spacious walk-in closets
Location
Photo Gallery
Contact
Office
DETROIT OFFICE
260 East Brown Street
Suite 150
Birmingham, MI 48009
Investment Sales
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Rick Brace
Senior Director
248.341.3319
[email protected]
Conor David
Director
614.796.0222
[email protected]
EJ Wujek
Associate Director
248.341.3316
[email protected]
Mortgage Banking
Aaron Moll
Senior Director
248.208.0529
[email protected]
2550 E Beltline Ave NE Grand Rapids, MI 49525
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.
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