SmartStop Acquires 345-Bed Community Near the University of Michigan for $43.8 Million

The 411 Lofts community is located three blocks from the University of Michigan campus in Ann Arbor. (Image courtesy of sterlinghousing.com) The 411 Lofts community is located three blocks from the University of Michigan campus in Ann Arbor. (Image courtesy of sterlinghousing.com)

Ann Arbor, Mich. — SmartStop Asset Management LLC has acquired 411 Lofts, a 345-bed student housing community located three blocks from the University of Michigan in Ann Arbor, for $43.8 million.

The 10-story building offers one-, two-, three- and four-bedroom, fully furnished units. Shared amenities include a 24-hour fitness facility, 10th floor sky lounge, computer center, study rooms, free common area washers and dryers, on-site restaurants and a tanning room. Asset Campus Housing will manage the community. 

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