Our Properties
We buy and manage multi-family
residential properties, in mid-western U.S.
Country Squire Apartments
24126 Country Squire St Clinton Township, MI 48035
Country squire apartment homes is a place where you can enjoy quiet, comfortable and convenient living. Our community offers spacious 1 bedroom 1 bath and 2 bedroom 1.5 bath floorplans with walk in closets and ample storage. All of our apartments have large closets, central heating and air, wall to wall carpeting and private balconied or patios. We are just minutes from Metro beach area, entertaining and dining!
Weathervane Apartments
24505 Weathervane Blvd, Clinton Township, MI 48035
Weathervane is in the perfect location! Not only are we nestled in the heart of Clinton Township but offer a wonderful mix of city and suburban living. Close to interstate 94, popular restaurants and shopping. We take pride in our property!
Miller Beach Apartments* (Previously Owned Property)
440 N Lake St, Gary, IN 46403
This underperforming work-force housing asset is a good example of the type of properties Contrast REIT is planning to acquire. Contrast Asset Management, (the REIT Manager) employs the same team that acquired in 2018, Miller Beach Apartments, managed it, and sold it on behalf of a Canadian Limited Partnership in 2020.
Miller Beach Apartments had attractive characteristics of a great value add opportunity. Its primary deficiency was poor management, which was quickly remedied when the property was purchased.
The exterior physical condition was far superior to many comparable buildings from the 1960’s. The common areas were above average for this class of property. However, approximately 50% of the units had interior conditions that were in a below average state. Increased revenue was derived from economically renovating the units and streamlining the operating expenses of the property. Significant growth in the value of the property was realized upon exit (sale), to an owner seeking consistent positive cash flow.
*Miller Beach Apartments is an example of the type of property that Contrast REIT will be targeting to acquire. Similar results are not guaranteed.