Press Releases from Income Property Organization (6 total)
Income Property Organization closes on two Southfield complexes
Income Property Organization has closed on a portfolio sale of two high-rise assets located in Southfield, Mich., The Franklin and 12 North Apartments, with a total of 374 units.
An international purchaser from Israel acquired the assets, using acquisition financing through Fannie Mae.
With the portfolio operating exceptionally well, the purchaser plans to continue with current operations.
Given the sales price of $30,600,000 (or $81,818 per unit), the capitalization rate was 6.5 percent.
Both…
Income Property Organization marks a ‘recording setting’ year
Bloomfield Hills, MI - Jan. 18, 2018 - Income Property Organization (IPO) reported another recording breaking year in 2017. The company brokered the sale of 70 multi-family communities in Michigan and Ohio, representing $150 million in sales volume.
"We were able to deliver some tremendous results for our sellers," said Greg Coulter, managing member. "Many of our transactions were acquired by international and out-of-state investors, demonstrating the depth of…
Income Property Organization and its Execs Honored with CoStar 'Power Broker' St …
Two executives with Income Property Organization, a provider of customized multifamily brokerage services, have been honored with "Power Broker" status by CoStar Group, Inc., a leading provider of commercial real estate information, analytics and online marketplaces. In addition, Income Property Organization as a firm was recognized with the Power Broker designation by CoStar Group.
Gregory D. Coulter, founder and Managing Member of Income Property Organization, and A.J. Beachum, J.D., Associate Broker…
Income Property Organization Lists 67-Unit Southfield Apartment Complex for Sale
Income Property Organization (IPO) is the listing brokerage for a 67-unit apartment complex in Southfield, Mich., the bidding for which is now open until March 15, 2017. The property, known as Wakefield Apartment Homes, is located in Michigan’s wealthiest county and the second most populated county in the state of Michigan.
Current occupancy for Wakefield is 92.5 percent. The newly renovated complex is located on 1.62 acres of property and there…
Income Property Organization says strong multi-family real estate market will co …
One of Michigan’s leading customized brokerage companies says it is experiencing continued growth with demand for the sale of multi-family units now as strong as it has ever been.
Income Property Organization (IPO), headed by Greg Coulter, broker/managing member, said October saw the largest sales volume in the organization’s 18-year history. Total sales for 2016 were up 30 percent compared with 2015, a year which was record-setting.
"Demand for apartment communities in…
Income Property Organization Announces 5 Multifamily Property Sales Totaling Mor …
Income Property Organization (IPO) completed sales of four Michigan apartment communities and one student living community in North Carolina, for a combined total of more than $36 million. This is in addition to over a dozen apartment deals that the firm brokered this quarter.
The noteworthy deals include:
- Bloomfield Square Apartments, a 259-unit community built in 1970 and located at 3161 Bloomfield Lane in Auburn Hills, Mich. IPO closed on the property…
