Ann Arbor, Mich. — Archway Capital has provided a $4 million loan for the refinancing of a three-property student housing portfolio serving the University of Michigan in Ann Arbor. The portfolio totals 60 units. The borrower has owned the portfolio
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Ann Arbor, Mich. — Landmark Properties, in a joint venture with Cerca Trova, has broken ground on The Legacy at Ann Arbor, a two-building residential community located adjacent to the Michigan Theater in Ann Arbor. The property will feature a 19-story
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Ypsilanti, Mich. — A public-private partnership between Gilbane Development Co. and Eastern Michigan University is set to begin work on its $200 million ‘Welcome Home 2025’ development plan on the university’s campus in Ypsilanti. Plans for the project were finalized
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East Lansing, Mich. — MJW Investments has sold a three-property, 496-bed student housing portfolio located near Michigan State University in East Lansing. The portfolio includes Tower Apartments (301 beds), Gates (139 beds) and Manor (56 beds). Ryan Lang and Ben
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Allendale, Mich. — Northmarq has arranged a $4.2 million loan for the refinancing of Conifer Creek and Conifer Creek West Townhomes, two student housing properties serving Grand Valley State University in Allendale near Grand Rapids. The communities, constructed in 2006
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East Lansing, Mich. — Champion Real Estate Co. has acquired a portfolio of six student housing properties near Michigan State University for $42 million. The communities offer a total 524 beds and are located at 635 Abbot Road, 129 Burcham
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Lansing, Mich. — The Michigan Department of Health and Human Services issued an emergency order on Sunday, Nov. 15, that enacted a three-week pause on indoor social gathering in an effort to curb rapidly rising COVID-19 infection rates. Universities, colleges
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East Lansing, Mich. — Pierce Education Properties (PEP) has acquired Chandler Crossings, a three-property, 2,772-bed student housing portfolio near Michigan State University in East Lansing. The acquisition includes The Club (768 beds), The Village (1,068 beds) and The Landings (936
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Ypsilanti, Mich. — In response to the coronavirus pandemic, Eastern Michigan University has announced that the university will be offering students enrolling and living in an on-campus residence hall a ‘single room’ guarantee for the fall semester. Under this plan,
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Lansing, Mich. — The Michigan Strategic Fund (MSF) has voted to approve the brownfield and tax-increment financing (TIF) plan for the Red Cedar project, a $256 million mixed-use development along Michigan Avenue in Lansing. The approval gives the developer, Continental/Ferguson Lansing
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Ann Arbor, Mich. — Trinitas Ventures is set to break ground on The One, a 682-bed community located near the University of Michigan campus in Ann Arbor. The development will offer one-, two-, three-, four- and five-bedroom, cottage-style units. Shared
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Kalamazoo, Mich. — Western Michigan University has selected Gilbane Development Co. as the developer of its planned on-campus mixed-use district in Kalamazoo. The project — titled The Hilltop Village — will reimagine the southern portion of the university’s campus and
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