• Value-Add Opportunity
Upgraded units, identified as Emerald Units, at Chandler Crossings feature energy efficient stainless-steel appliances, granite countertops, wood plank style flooring, and Smart TV’s in addition to the following amenities provided in all units: in-unit washer & dryer, patio/balcony, wood cabinets, complimentary utilities including water, sewer, trash, internet, and modern furniture packages with ample closet space. Approximately 1/3 of the units have been upgraded leaving the next owner with an opportunity to execute on the remaining beds.
• MSU: Record Enrollment for AY 23-24
MSU’s preliminary enrollment report broke a decade’s old “ceiling” by recruiting the largest and most diverse undergraduate class in the university’s 168-year history. 51,385 students attended Michigan State University this fall, representing a 2.7% increase YOY. 40,400 students or 79% of total enrollment are undergraduates. With a freshman class of more than 11,000 (78% in-state), MSU is the top choice school for students to receive an unparalleled education.
• Best in Class Amenity Package
Chandler Crossings provides its residents with a living experience unmatched by other properties in the market. Offering a “Live at 1, Play at All” policy, students can access any of the amenities at each of the three properties. Residents can choose to enjoy the outdoor skating rink, indoor & outdoor swimming pools & hot tubs, multiple 24-hour fitness centers, multiple clubhouses, yoga studio, volleyball court, indoor & outdoor basketball courts, tennis court, dog park, racquetball court, game room, movie theater, TV lounge, study rooms, tanning beds, mahjong tables, business centers, and more. No other property in the market provides the sense of community that fits any lifestyle in East Lansing.
• The Perfect Couple
Chandler Crossings is ideally positioned to benefit from the perfect coupling of enrollment growth and no development supply. Based on the rising costs of new construction and increased interest rates, Chandler Crossings is insulated from new purpose built off campus student housing (“POSH”) in the foreseeable future. Furthermore, the Property continues to recruit price conscious renters that do not wish to sacrifice luxury for affordable living.