SmartStop Acquires 345-Bed Community Near the University of Michigan for $43.8 Million

by Katie Sloan

Ann Arbor, Mich. — SmartStop Asset Management LLC has acquired 411 Lofts, a 345-bed student housing community located three blocks from the University of Michigan in Ann Arbor, for $43.8 million.

The 10-story building offers one-, two-, three- and four-bedroom, fully furnished units. Shared amenities include a 24-hour fitness facility, 10th floor sky lounge, computer center, study rooms, free common area washers and dryers, on-site restaurants and a tanning room. Asset Campus Housing will manage the community. 

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