PMRIA assists client in the acquisition of $8.5 million office asset

identical buildings framing water and sky
  • identical buildings framing water and sky
A client required a knowledgeable partner to perform a thorough due diligence into the acquisition of an office asset in the Troy, Michigan, market.

The challenge

Plante Moran Realpoint Investment Advisors (PMRIA), formerly Plante Moran REIA was engaged by a client to assist with the acquisition of an office asset located in Troy, Michigan.

The solution

The PMRIA team assisted with underwriting, due diligence, and financing to ensure the asset met the client’s investment objectives and all appropriate risk factors were considered and mitigated. The client ultimately chose to acquire the asset for approximately $8.5 million.

The benefit

Following the acquisition, PMRIA was engaged as asset manager for the new investment. PMRIA is now responsible for strategic oversight, reporting, and monitoring on behalf of the client.

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