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Michigan State Student Housing Portfolio Sells for $101.7M

Woodlark/Westpac JV Picks Up 2,772 Beds in East Lansing
By Jordan Kellermeyer
February 11, 2013 | 9:31 P.M.

A joint venture led by Woodlark Cos. and Westpac Campus Communities purchased the Chandler's Crossing student housing portfolio in East Lansing, MI, from the Pierce Co. for $101.7 million. The buyers secured an $85 million long-term, fixed-rate loan through a national CMBS lender.

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