Thompson Thrift recently negotiated the sale of The Grove, a 320-unit Class-A multifamily community in Grand Rapids, Michigan. A private real estate investment firm purchased the community for an undisclosed amount.
Completed in August of 2022, the 24-acre community offers two-story farmhouse-style apartment homes with a mix of one-, two- and three-bedroom layouts that average 1,200 square feet.
Apartment homes feature designer interiors including quartz countertops, stainless steel and energy-efficient appliances, walk-in pantry, hardwood-style flooring, large walk-in closets, patio and balcony options and full-size washers and dryers. Residents are treated to resort-style amenities including a resident social lounge, 24/7 fully equipped fitness center, heated pool and spa, community grilling areas, pickleball courts, dog park and pet spa.
With frontage on Beltline Avenue, a major north/south thoroughfare, the location offers residents a short commute to downtown Grand Rapids, where they can enjoy local museums, the John Ball Zoo, and a host of breweries and restaurants. A great majority of the area’s major employers, including Axios, Meijer and Spectrum Health, are within a 15-mile radius.
Jason Krug with Berkadia brokered the sale for Thompson Thrift.