Hunt Club apartments in Ypsilanti acquired by New York firm

A New York investment firm and a Minnesota property manager are taking over ownership and management of a 440-unit rental apartment complex in Ypsilanti, the companies announced Tuesday.

Sterling American Property of New York and Timberland Partners of Minneapolis have assumed ownership of the Hunt Club apartments, a 390,000-square-foot development off Michigan Avenue.

According to the announcement, Sterling plans to invest close to $3 million in upgrades including renovations to the business center, pool, clubhouse, fitness center and landscaping.

The complex was previously owned by Denver-based Apartment Investment and Management Company.

Sterling and Timberland also own The Pines of Cloverland in Ypsilanti, and a development in Kansas.

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