Triad Real Estate Arranges Sale of Two Student Housing Properties in Michigan and Iowa

by Katie Sloan

Cedar Falls, Iowa and Big Rapids, Mich. — Triad Real Estate Partners has arranged the sale of two student housing properties located in Iowa and Michigan.

Dispositions include Venlo Place, a 264-bed student housing community located near Ferris State University in Big Rapids; and University Mills, a 481-bed student housing property located near the University of Northern Iowa in Cedar Falls. A Grand Rapids-based development company sold Venlo Place to Vision Real Estate Investment for $9.7 million. An undisclosed owner of student housing properties sold University Mills to a Minnesota-based private investment group for $16.4 million. 

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