Location

EXECUTIVE SUMMARY:

The Manistee & Montague Portfolio is a three-property multifamily offering, comprised of two communities located in Manistee, MI and one in Montague, MI. Built in 2002 with MSHDA financing, all three assets are former LIHTC properties that were successfully taken through the Qualified Contract Process (QCP) and were formally released from their Regulatory Agreements in September 2025. Two of the three assets remain eligible for PILOT property tax programs. Over the past five years, the portfolio has been well maintained with numerous capital improvements completed, positioning the assets for continued operational stability and rental growth.

Horizon Pointe – 49 Units (Manistee, MI)

• 17 one-bedroom / one-bath units –691 SF
• 32 two-bedroom / one-bath units –752 SF

Rietz Park Village – 48 Units (Manistee, MI)

• 32 two-bedroom units –975 SF
• 16 three-bedroom units –1,213 SF

Harbour Pointe – 34 Units (Montague, MI)

• 20 one-bedroom units –691 SF
• 14 two-bedroom units –849 SF