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.