Paradigm Realty, a residential real estate company based in Rochester Hills, Michigan, recently acquired Waterford Square, a 406-unit apartment complex in Waterford, Michigan, for $25.25 million in a transaction handled through a court-appointed receiver after the previous owner, a Michigan-based company, defaulted on its loan.
Detroit-area apartment complex sells for $25.25 million in distressed sale
406-unit Waterford Square purchased at 63% occupancy after loan default
By Alex Collie with
September 5, 2025 | 4:47 P.M.
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IN THIS ARTICLE
- Properties
- Waterford Square
950 Village Green Ln, Waterford, MI
- Companies
- Paradigm Realty
Real Estate
- Contacts
- Michael Shapiro
Real Estate Property Manager, M. Shapiro Development Company, LLC
- Sam Madorsky
Director of Acquisitions, M. Shapiro Development Company, LLC