Triad Real Estate Arranges Sale of Two Student Housing Properties in Michigan and Iowa

Venlo Place is located just to the west of the Ferris State University campus in Big Rapids, Michigan. (Photo courtesy of Triad Real Estate Partners) Venlo Place is located just to the west of the Ferris State University campus in Big Rapids, Michigan. (Photo courtesy of Triad Real Estate Partners)

Cedar Falls, Iowa and Big Rapids, Mich. — Triad Real Estate Partners has arranged the sale of two student housing properties located in Iowa and Michigan.

Dispositions include Venlo Place, a 264-bed student housing community located near Ferris State University in Big Rapids; and University Mills, a 481-bed student housing property located near the University of Northern Iowa in Cedar Falls. A Grand Rapids-based development company sold Venlo Place to Vision Real Estate Investment for $9.7 million. An undisclosed owner of student housing properties sold University Mills to a Minnesota-based private investment group for $16.4 million. 

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