Development
Welcome to Mid Town,
Lansing MI,
the Capital of Michigan
Thank you for reviewing this site regarding the Lansing Mid Town Project. If you have any questions or comments please CONTACT us and we will be happy to respond by email or call.
PLACE-BASED
DEVELOPMENT
Our team believes development should focus on creating the best experience for people. We believe in the holistic approach of PLACE BASED DEVELOPMENT. Our focus is fostering an existing local culture in each unique community we are a part of.
See our Resources Page to learn more about our development philosophies.
Urban Systems
Capitol Transformation Zone
PROJECT SIZE:
$45.2 Million Investment Ready (Phase I)
ASSET CLASS:
Multi-Family/Mixed Use, Professional Office
MARKET:
Lansing - East Lansing - MSA > 500K + pop.
TARGET RETURN PROFILE:
10% -15% IRR (Pre Opportunity Zone)
TARGET EQUITY MULTIPLIER:
2.4 Times equity (Pre Opportunity Zone)
PROFIT SHARING:
8% IRR Preferential Return (Pre Sponsor Promote)
HOLD:
10-Year to Opportunity Zone Qualify
INVESTMENT OPPORTUNITY:
$6.5mm PO, $11.5mm Mixed Use
DISTRIBUTION FREQUENCY:
Quarterly Upon Stabilization
SPONSOR CO-INVESTMENT:
5% - 15%
MINIMUM INVESTMENT:
$1,000,000
State Capitol
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Midwest Hub for Insurance with 8 Fortune 500 Companies
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Most Powerful particle accelerator in the world opening in 2021. Making the region a world leader in Nuclear Physics and Bio Sciences.
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18th out of 200 best cities for small businesses
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Highly educated workforce over 18,000 college graduates annually
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4th Best Place to in America for millennial homebuyers
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2017-2018, 4th greatest leap of any community in growing jobs, technological development and wage gains, (49 spots to 89th) Milken Institute report
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Home of General Motors newest and most technologically advanced automotive plants in North America
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#1 in labor force growth, population growth 24-25, and educational achievement 24-64 in Michigan
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Over $1.2 Billion in development under construction in the region
Urban Systems
Our goal in working together with the City of Lansing is to reconnect the City’s residential neighborhoods to the Central Business District.
Urban Systems led by Patrick Smith, Brent Forsberg, and Jeff Deehan is a collaboration of 3 development companies, completing over $7 Billion dollars of development over the past 10 years.