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240 Multifamily Units Near Campus Fetch $32M

KALAMAZOO, MI-Two multifamily rental complexes near WesternMichigan University are sold to a national tenancy-in-common investor in deals brokered by Hendricks & Partners.

By Dan Heaton | Updated on August 19, 2004

KALAMAZOO, MI-Two area multifamily rental complexes have recently changed hands in separate deals worth more than a combined $30 million. Both properties were acquired by a national tenancy-in-common investor.

University Club at Howard, located at 700 S. Howard St., was sold for $17.5 million by University Club LLC, says Hendricks & Partners’ Detroit office, which brokered the sale. The 120-unit collegiate housing community is not far from Western Michigan University.

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