49
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 Harkrider of Newmark arranged the disposition of the properties in three 1031 exchange transactions. The exchange properties include a newly-built, state-of-the-art student housing community near the University of Nevada, Reno; and two properties in Vancouver, Washington.