- 2 adjacent student housing assets totaling 1,008 beds, located less than a mile from Grand Valley State University
- Unit mix consisting of 2 & 4 bedroom floor plans with bed/bath parity
- The Lodge consists of 576 beds housed 9 buildings with 20 units per building and was completed in 2017
- The Alpine consists of 432 beds across 9 buildings and was completed in 2018
- Best in Market Asset with a strong location and operational upside and organic rent growth
- Institutional Caliber Asset
- Below Replacement Cost Acquisition Opportunity
The Lodge & The Alpine
This 300-unit, 1008-bed, best-in-class portfolio opportunity offers a mix of 2-bedroom and 4-bedroom units, all with bed-bath parity. All units include granite countertops, stainless steel appliances, in-unit washers, and dryers, as well as high-grade vinyl plank flooring. The Lodge & The Alpine offers tenants the best range of community amenities available in the market, including large clubhouses and fitness centers, walking trails, dog parks, grilling areas, volleyball and basketball courts, and resort-style pools, among many others. The portfolio is professionally managed and offers investors an opportunity with scale at a stable Michigan public school within the Grand Rapids MSA.
Grand Valley State University
Grand Valley State University (GVSU) is a key driver of Allendale's economy, attracting over 20,000 students and employing many faculty and staff. The university boosts demand for housing, retail, and dining, creating a vibrant local economy. Located in Ottawa County, Western Michigan, GVSU is just 10 miles from Lake Michigan and the Grand Rapids MSA. Its presence has contributed to population growth in Allendale, with the median home value rising to $379,474 in March 2025, a 6.1% increase over the past year.
GVSU’s academic and community impact, combined with a youthful demographic and rising incomes, presents significant opportunities for commercial real estate investment in Allendale, highlighting its vital role in the area's growth and development.