Real Estate Acquisitions in Michigan

Simon Property Group completed the acquisition of the remaining 12% interest in The Taubman Realty Group Limited Partnership (TRG) by issuing 5.06 million limited partnership units in Simon Property Group L.P., giving Simon full ownership of TRG. The Taubman family, including Robert and Billy Taubman, will remain significant Simon shareholders following the closing; Simon said the deal strengthens its position in premium retail real estate and is expected to be accretive to earnings.

Michigan-based ERA Prime Real Estate Group has acquired Southgate, Michigan–based GAP Realty Group. The deal, which will expand ERA Prime’s service area and market share in Southeast Michigan, will leave GAP founder Alex Pandoff on as an associate broker; financial terms were not disclosed.

ERA Prime Real Estate Group, a Michigan-based ERA franchise, has acquired Southgate-based Compass Realty Pro. The acquisition expands ERA Prime's presence and market share in southeast Michigan; founder Mark Higgins will join ERA Prime as a managing broker. Financial terms were not disclosed.

MCS has acquired Five Brothers Asset Management Solutions, integrating the family-owned property preservation firm into its national property services platform. The transaction combines complementary preservation, maintenance and technology capabilities to expand MCS’s service offering and geographic reach across mortgage servicers, single-family rental owners and reverse mortgage clients.

Prestige Storage Capital of Columbus, Ohio has acquired North Huron Street Storage, a 244-unit self-storage facility in Ypsilanti, Michigan, from P-Tech Management, LLC (owned by Robin and Mike Petix). Calder Capital served as exclusive M&A advisor on the transaction. The acquisition expands Prestige's footprint in the metro Detroit area; terms were not disclosed.

ATA National Title Group, a Farmington Hills, Michigan-based title insurance and settlement services company, has acquired the assets of Absolute Title, Inc. to expand its presence in the Ann Arbor market. The deal closed February 18, 2022; financial terms were not disclosed and Absolute Title will continue operating from its Ann Arbor office with its 17 employees under the Absolute Title Agency brand.