Summary:
- The joint venture between Landmark Properties and Cerca Trova has delivered The Legacy at Ann Arbor, a 521-bed student housing community in Ann Arbor, Michigan.
- The developers took out a $110 million construction loan from Nationwide in 2022 and broke ground on the project that same year, according to Yardi Matrix information. The property is fully leased for the 2025-2026 academic year.
- The unit mix comprises studio to five-bedroom floorplans with in-unit laundry facilities, while select layouts also have private balconies or patios. A total of 16 units are reserved as affordable.
Original article:
https://www.multihousingnews.com/landmark-jv-completes-michigan-student-community/
