Gross & Cohen Real Estate Announce Sponsorship of Kalamazoo Project
Provide major renovations for 423-bed student housing
AUSTIN, Texas, July 12, 2011 /PRNewswire/ -- Gross & Cohen, a Boston-based real estate investment firm, today announces its sponsorship of a student housing property acquisition in Kalamazoo, Michigan.
Gross & Cohen expands its student housing portfolio with this 423-bed project at Western Michigan University (WMU), Thirteen24 Lafayette.
Thirteen24 Lafayette boasts the most desirable location in the market, adjacent to WMU. Gross & Cohen will provide construction and asset management services for the property.
"We are very excited to oversee the transformation of Thirteen24 from a C-class property into a modern community with top of the line amenities," said Michael Cohen, President of Gross & Cohen.
Renovations for Thirteen24 include the new construction of a 2,800 square foot clubhouse, a state-of-the-art fitness center, leasing office, business center and game room. Individual units will have complete interior renovations with hardwood flooring, updated kitchens and appliances, new bathrooms as well as exterior painting and landscaping.
"We are proud to offer our residents a fabulous location, ultra-modern finishes at a reasonable rent," said Cohen.
Gross & Cohen actively seeks out student housing value-add deals in secondary markets, and Thirteen24 Lafayette is a perfect example of this kind of opportunity.
About Gross & Cohen
Gross & Cohen is a Boston-based real estate investment firm focused on the acquisition, development and sale of off-campus student housing communities across the country as well as local multi-family and condominium conversion projects. Gross & Cohen's deep-seeded understanding of the industry and sound business experience drive a thorough analysis of markets, financial underwriting and due diligence and result in selective high-performing acquisitions that fit their niche investment criteria. The firm identifies significant value-add opportunities in almost all projects and executes the necessary improvements to deliver a high-quality, high-performing asset. Post-acquisition, Gross & Cohen provides hands-on construction and asset management to ensure the implementation of successful renovations, marketing, leasing and operation of the portfolio. For more information visit: http://www.grossandcohenrei.com.
Media Contact:
Amy Kauffman
T: 512-579-5460
E: [email protected]
SOURCE Gross & Cohen
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