Wednesday, December 29, 2010

Carson Equities Appointed Asset Receiver for Condominium Communities in Allen Park and Fenton

Carson Equities was appointed asset receiver in matters pertaining to Allen Pointe Condominiums Allen Park, MI and Fairfield Condominiums, Fenton, MI.

Allen Pointe Condominiums was constructed in the 1970’s, originally developed as a 250 unit “in-fill” apartment community. In 2004, the apartment units were converted into for-sale condominium. Presently, there are 113 developer-owned garden-style rental units featuring one and two-bedroom floor plans, within two-story buildings (note: individual condominium sales are continuing and, therefore, the total amount of developer owned rental units may be less than indicated herein). Allen Pointe is located in Allen Park, MI near the Detroit Metropolitan Airport, Ford Motor Company World Headquarters, General Motors, Masco Corporation, and Compuware.

The Fairfield Condominiums, located in Fenton, MI, was built in 2001 as a 180 unit apartment community featuring one and two-bedroom floor plans, a full amenity clubhouse, swimming pool and tennis courts. In 2006 the apartment units were converted into for-sale condominiums. Presently, there are 125 developer-owned rental units remaining. Fairfield is located on Silver Parkway and is near Ann Arbor, Metropolitan Detroit and Grand Blanc.

Carson Equities hired Dietz Property Group of Birmingham, MI to provide property management at Fairfield Condominiums and Allen Pointe Condominiums.

Source: Carson Equities Appointed Asset Receiver for Two Multi-Family Residential Communities

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