Berkadia successfully facilitated the sale of The Rocks, a 376-bed student housing complex situated near Michigan State University in East Lansing, Michigan. This garden-style property was constructed in 2015 and is located at 16970 Chandler Road.
Representing the seller, Nuveen Real Estate , Kevin Larimer and Brandon Buell of Berkadia expertly negotiated the transaction. In September, The Rocks was sold to an undisclosed buyer with a full occupancy rate.
Conveniently positioned near MSU’s campus which boasts over 50,000 students, The Rocks offers a variety of one-, two-, three- and four-bedroom units. Each apartment features hardwood-style flooring as well as granite countertops and stainless steel appliances in addition to private bathrooms for each resident.
This successful sale by Berkadia highlights their expertise in facilitating real estate transactions within this competitive market.
