Minneapolis — The Opus Group has completed the development of three luxury, off-campus student housing projects.
University of Michigan
Ann Arbor, Mich. — CBRE Capital Markets’ Debt and Structured Finance team has arranged $35 million in financing for the recapitalization of University Towers adjacent to the University of Michigan in Ann Arbor.
Ann Arbor, Mich. — Opus will build above a popular Ann Arbor pizza restaurant.
Ann Arbor, Mich. — Investor and philanthropist Charles T. Munger, University of Michigan graduate and vice chairman of Berkshire Hathaway Inc., gives gift of $110 million for new graduate housing.
Ann Arbor, Mich. — The property is 80 percent pre-leased for 2012/2013.