In January 2018, Andover Real Estate Partners acquired 144 unit community Ann Arbor, Michigan. A very well-located property and constructed in 1998, Arbor Club was originally developed as a rent-restricted (Low Income Housing Tax Credit – LIHTC) property, and was converted to a
market-rate property in October, 2016.
At Arbor Club features community amenities like the sparkling swimming pool with sundeck and free Wi-Fi hotspots. Just minutes to downtown Ann Arbor and a short drive to Pittsfield Township, Ypsilanti, Dexter and Chelsea.
Thirty-three of the 144 units have since been converted to market-rate, and we plan to convert the
remaining units over the next 2 years as leases turn over. The property is located near the U-M and downtown Ann Arbor,
and within three miles of a number of major employment, retail and entertainment centers.