Arledan America LLC

1324 Lafayette

1324 Lafayette Avenue, Kalamazoo, Michigan

Class B Multi-Family, 302 Units (641 beds, leased by the bed)

Marketed as student housing, the property is made up of three adjacent parcels acquired in 2011 and 2012 in three phases. Extensive renovations have been made to 115 units, a new clubhouse has been built, and significant renovations and landscaping have been made to the exterior. The primary attraction of the property is its very close proximity to the university.

This property was successfully sold in 2015.