College housing sells in Michigan

Property sleeps 480 residents

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Hendricks & Partners arranged the sale of University Club at Howard, a 120-unit collegiate housing community in Kalamazoo, Mich. The value of the transaction was $17.5 million. The class A property totals 480 bedrooms and is located at 700 South Howard St. Kalamazoo-based University Club at Howard LLC sold the community to a national TIC investor. Hendricks & Partners is an advisory firm focused exclusively on the sale of multifamily properties. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....