CLAWSON, Mich., April 9, 2024 /PRNewswire/ -- The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, is thrilled to announce the successful sale of its Foote Hills property in Grand Rapids, Michigan. The sale resulted in an impressive ~18% IRR, while Investors enjoyed a ~10% cash-on-cash yield throughout the holding period of the property. GSH acquired the Foote Hills property in March 2020, recognizing the immense potential in the thriving Grand Rapids submarket. At the time of acquisition, rental rates in the community were significantly below market rents.