MCKINLEY APPOINTED PROPERTY MANAGER FOR 2,772-BED PURPOSE-BUILT STUDENT HOUSING COMMUNITYJune 4, 2014
EAST LANSING, MICHIGAN – McKinley is pleased to announce it has been retained as Asset Manager for Chandler Crossings located in East Lansing, MI, serving the Michigan State University campus. The community consists of three separate properties: The Village with 336 units/1068 beds, The Landings with 306 units/936 beds, and The Club with 210 units/768 beds making it one of the largest student housing communities in the country at 852 units/2,772 beds.
Chandler Crossings has a vast array of amenities for its student residents. The community includes numerous swimming pools, fitness areas, indoor basketball courts, an ice hockey rink, volleyball courts, business/study centers, tanning beds and much more. The property has also been upgrading units and amenities. The extensive renovation project will continue under a jointly managed site alongside Westpac Campus Communities located in Santa Barbara, CA. The total value of the renovations is expected to be in excess of nine million dollars.
“McKinley has a proven track record of operating properties in college towns that serve student populations and our asset management platform includes a team dedicated specifically to the specialized area of purpose-built student housing. We are pleased to be working with Westpac Campus Communities to offer advisory services in the areas of social media marketing, property and casualty insurance and property tax appeals. We look forward to putting our expertise to work at Chandler Crossings. Westpac has an outstanding property management team in place and this partnership will drive results,” stated Royal Caswell, Managing Director, Asset Management.
Founded in 1968 and headquartered in Ann Arbor, McKinley is a leading owner and manager of multifamily and commercial real estate. Currently ranked #38 in the NMHC Top 50 list of national apartment management companies, McKinley owns and manages more than 34,000 units and 21 million square feet of commercial throughout 34 states. McKinley specializes in solving complex real estate problems for its own portfolio, as well as a select clientele of institutional investors, private equity clients and special servicers. McKinley is on the Board of Directors of the National Multi Housing Council (NMHC) and is recognized by the Institute of Real Estate Management (IREM) as an Accredited Management Organization (AMO).