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Local Company Pays $16.5 Million for Apartment Complex in Riverview, Michigan

RESSCO Acquires 300-Unit Pennbrook Place Apartments
By Douglas Tice
CoStar Research
November 20, 2018 | 3:31 P.M.

Real Estate Service Solutions Company, a local, privately held investment company, purchased a 300-unit apartment complex in Riverview, Michigan, from a private investor based in Flushing, New York. Pennbrook Place Apartments sold for $16.55 million, or about $55,000 per unit.

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