FPA Multifamily has purchased ReNew at Franklin Hills, a 257-unit apartment community in Southfield, Michigan, from Sherr Development for $32.4 million, representing $126,070 per unit.
FPA Multifamily acquires Detroit-area apartment community for $32.4 million
Southfield, Michigan, complex sells at 6% cap rate
By Hunter Sundlun with
December 24, 2025 | 3:55 P.M.
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IN THIS ARTICLE
- Properties
- ReNew at Franklin Hills
28509 Franklin Rd, Southfield, MI
- Companies
- FPA Multifamily LLC
Real Estate
- Walker & Dunlop
Finance and Insurance
- Contacts
- Matt Jones
Managing Director, Walker & Dunlop LLC