Barry Swatsenbarg, national director of investment and loan sale advisory services, and Rich Deptula, senior vice president of investment and loan sale advisory services, represented the seller at Auction.com, an online real estate marketplace.
Skyview Tower, located at 1600 Antietam Ave. in Detroit’s Lafayette Park.
The property is positioned within greater downtown Detroit’s multi-family market, a market with occupancy nearing 100 percent and significant rent-growth opportunity.
“The demand for foreign investors looking to acquire property in the Midwest and Detroit, in particular, is just incredible,” said David Friedman, president and chief executive officer of Friedman Integrated Real Estate Solutions, in a written statement. “Young professionals are seeking an urban lifestyle with Detroit’s resurgence, and investors have taken notice.”