Imperial Manor House Apartments

Property Features & Highlights

• High Occupancy
• Pool
• 44 Month of Interest Only Remaining

Unit Updates & CapEx

• Repaired All Roofs
• Replaced Flooring in 50 Units
• Replaced Appliances in 50 Units
• Replaced Major Components of All Boilers
• Concrete Repairs to All Sidewalks & 2nd Floor Landing at Building E
• Parking Lot Restriped & Potholes Filled
• Complete LED Lighting Upgrades for both Interior and Exterior
• ADA Accessible Parking & Ramp to Leasing Office

Detroit Market Outlook

• Demand: Demand for apartments in Detroit increased to a three-year high. 
• New construction: New construction slowed down, which reduced supply-side pressures. 
• Absorption: New apartment construction was absorbed in the suburbs, but it was more difficult to absorb in the city. 
• Operating expenses: Operating expenses at many buildings increased, including labor and insurance costs. 

Rent Growth Outlook

• Rent growth is expected to continue to improve over the next 12–18 months. 
• Rent growth is expected to accelerate, surpassing 5% by mid-2025. 
• The gap between new supply and demand narrowed to its smallest point since early 2021, suggesting market stabilization in 2025.