
HURON PLACE
28 UNITS | BUILT 1930
OAK SQUARE
120 UNITS | BUILT 1978
MONROE MANOR
64 UNITS | BUILT 1929
PERRY PLACE
72 UNITS | BUILT 1974
The Oakland County 284 Portfolio
Visit Doc CenterExecutive Summary
The Oakland County 284 Portfolio is comprised of four complementary properties in Pontiac, Michigan: Huron Place (28 units), Monroe Manor (64 units), Perry Place (72 units), and Oak Square (120 units). Each property offers unique attributes including unit configurations, amenities, and locations allowing for operational efficiencies and a broad appeal to renter market.
Offered as a portfolio, the opportunity features a diversified mix of 21 studios, 172 one-bedroom, and 91 two-bedroom apartments, while retaining the flexibility for investors to evaluate each asset individually. Huron Place and Perry Place include recently renovated units, Monroe Manor offers well-appointed and upgraded interiors, and Oak Square provides a larger garden-style community—supporting varied leasing strategies and revenue-management opportunities.
The portfolio is positioned within the Pontiac/Waterford/Auburn Hills apartment submarket, which reported 97.4% average occupancy and a strong year-over-year effective-rent growth through the second quarter of 2026. NO new apartment supply is planned or under construction securing the long-term viability of the portfolio. The properties also benefit from proximity to Pontiac’s diverse employment base, ongoing downtown redevelopment, regional retail destinations, and major transportation corridors.
INVESTMENT HIGHLIGHTS
1
SCALED, CONCENTRATED PORTFOLIO:
A 284-unit multifamily portfolio comprising four properties in Pontiac, Michigan, supporting operational efficiencies across leasing, maintenance, marketing, and management.
2
DIVERSIFIED UNIT MIX
The portfolio includes 21 studio, 172 one-bedroom, and 91 two-bedroom units, providing exposure to a broad renter base—from attainable studio and one-bedroom options to larger two-bedroom apartments.
3
COMPLEMENTARY PROPERTY PROFILES
The offering combines two historic assets—Huron Place and Monroe Manor, built in 1930 and 1929—with two larger garden-style communities, Oak Square and Perry Place, built in 1978 and 1974. Each of the property pairings are in close proximity to each other providing significant leasing and management efficiencies.
4
HIGH-OCCUPANCY, SUPPLY-CONSTRAINED SUBMARKET
The Pontiac/Waterford/Auburn Hills submarket reported 97.4% average occupancy in Q2 2026, effective rents of $1,357 per month, and 2.1% year-over-year rent growth. New apartment deliveries are projected to average only 59 units annually from 2027 through 2030, supporting favorable supply-demand dynamics.
5
DESIRABLE RESIDENT AMENITIES
Across the portfolio, residents benefit from features including secured entryways, on-site laundry, parking, patios/balconies, courtyard or picnic areas, individual entrances, air conditioning, dishwashers, and garbage disposals, varying by property.
6
DESIRABLE RESIDENT AMENITIES
Across the portfolio, residents benefit from features including secured entryways, on-site laundry, parking, patios/balconies, courtyard or picnic areas, individual entrances, air conditioning, dishwashers, and garbage disposals, varying by property.
7
DEEP RENTER BASE AND EMPLOYMENT ACCESS
Within a five-mile target market area, 34% of housing units are renter occupied, population is projected to reach 165,796 by 2031, and median household income is projected to increase to $93,173. The portfolio also benefits from proximity to Pontiac, Auburn Hills, and Orion employment centers.
8
LONG-TERM AREA INVESTMENT
Ongoing downtown Pontiac revitalization and General Motors’ planned $4 billion Orion Assembly retooling reinforce the area’s broader employment, investment, and redevelopment narrative.
Huron Place
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- Built:
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Amenities
- Stove / Range
- Refrigerator
- Ceiling Fans
- Vinyl Plank Flooring
- Secured Entryways
- Laundry Facilities
- Cats Allowed
Oak Square
- Address
- Units:
- Built:
- Buildings:
- Stories:
- Site Size / Acreage:
- SF:
- Average SF:
- Avg Rent/SF:
- Total Parking:
Amenities
- Stove / Range
- Refrigerator
- Dishwasher
- Vinyl Flooring
- Balcony / Patio
- Courtyard
- Laundry Facilities
MONROE MANOR
- Address
- Units:
- Built:
- Buildings:
- Stories:
- Site Size / Acreage:
- SF:
- Average SF:
- Avg Rent/SF:
- Total Parking:
Amenities
- Stove / Range
- Refrigerator
- Ceiling Fans
- Vinyl Plank Flooring
- Laundry Facilities
- Picnic Area
- Secured Entryway
- Secured Parking
- Cats Allowed
PERRY PLACE
- Address
- Units:
- Built:
- Buildings:
- Stories:
- Site Size / Acreage:
- SF:
- Average SF:
- Avg Rent/SF:
- Total Parking:
Amenities
- Air Conditioning
- Stove / Range
- Refrigerator
- Dishwasher
- Garbage Disposal
- Patio / Balcony
- Individual Entrance
- Laundry Facility
LOCATION
contact us
Detroit Office
260 East Brown Street, STE 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales - Multifamily
Kevin P. Dillon
Senior Managing Director
248.341.3309
[email protected]
Jason Krug
Senior Managing Director
248.341.3344
[email protected]
Corey Krug
Senior Director
248.341.3338
[email protected]
Rick Brace
Senior Director
248.341.3319
[email protected]
Conor David
Director
248.535.5773
[email protected]
EJ Wujek
Associate Director
248.341.3316
[email protected]
Mortgage Banking
Luke Safranek
Senior Director
248.208.3466
[email protected]
Alex Bonda
Director
248.208.0533
[email protected]
Trevor Friday
Director – Student Housing
248.224.4660
[email protected]
William Brenner
Senior Director
248.208.0537
[email protected]
The Oakland County 284 Portfolio
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