KALAMAZOO, MI - Ambling Management Company is proud to announce a partnership with Gross + Cohen, a Boston-based real estate investment firm and Arledan America LLC, on a second student housing community acquisition for Western Michigan University in Kalamazoo, Michigan.
After acquiring Thirteen24 Lafayette in March 2011, Gross + Cohen Real Estate and Arledan America LLC expands its student housing portfolio with a 204-bed project rebranded as “The Village at Thirteen24”. In addition to the renovations made to their existing asset, Thirteen24 Lafayette, Gross + Cohen and Arledan America constructed a new 2,800 square foot clubhouse with a state-of-the-art fitness center, leasing office, business center and game room. The market has shown a positive response to their arrival in the market with a 51% rent growth on the renovated units and occupancy of 99%.
The Village at Thirteen24 offers two, three, and six bedroom apartment options. The two bedroom, one bath and three bedroom, two bath options are garden-style apartments with spacious kitchens and stackable washers and dryers. The six bedroom townhome option includes 3.5 baths and two living rooms. These townhomes include large kitchens, balconies, and full-size washers and dryers. All apartments and townhomes located in The Village at Thirteen24 offer individual lease agreements and include water, trash removal, cable and internet. Only six blocks from Western Michigan University campus, The Village at Thirteen24 is located in the Greek neighborhood.
“We are very pleased with the acquisition of our new property in Kalamazoo, MI.” said Michael Cohen, President of Gross + Cohen. “Combined with our existing asset, Thirteen24 Lafayette, and our management team at Ambling Management Company, we will continue to bring enhanced living solutions to WMU students.”
Leasing for Thirteen24 Lafayette and The Village at Thirteen24 is currently underway. For more information, please contact the leasing information center at 269-343-1457 or email at 1324lafayette@ambling.com
Ambling Management Company is one of the leading providers of innovative, high quality, professional property management services in the country. What sets us apart is our extensive experience, a proven track record and consistently successful stewardship of a variety of property types. We are dedicated to exceeding the goals and expectations of students pursuing dreams in our housing, families who make their homes with us and investors who trust us to perform and ensure resident satisfaction.