Jacobson Brothers finalized its purchase of The Alcove Troy, a 152-unit multifamily community in Troy, Michigan, from Chicago-based Tricap Residential Group for $15.5 million. The sale price equates to approximately $102,000 per unit.
Jacobson Bros. acquires apartment complex in Troy, Michigan
152-unit multifamily property converted from a hotel sold in $15.5 million deal
By Eric Aponte with
September 12, 2025 | 5:15 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- The Alcove Troy
2600 Livernois Rd, Troy, MI
- Companies
- Jacobson Brothers
Construction
- Contacts
- Parker Stewart
Regional Managing Director, Northmarq
- Dominic Martinez
Managing Director, Northmarq
- Jacob Lamb
Associate, Northmarq
- Alex Malzone
Vice President, Northmarq