Monument Real Estate Services Expands Student Living Division
Division's portfolio reaches 1,448 beds as firm enters into Michigan market with 48West
Allendale, Mich. (Oct. 3, 2017) - Monument Real Estate Services, one of the country's most skilled asset and property managers, announced today that it has been retained to manage its second student housing community 48West, located at 10897 48th Avenue in Allendale, Michigan.
The assignment marks Monument's entry into the Michigan market and raises the firm's student living portfolio to 1,448 beds.
The three-story property features one-, two-, and four-bedroom units and consists of 920 beds with complimentary community Wi-Fi and washer/dryer. Additionally, 48West recently underwent a series of amenity upgrades including a new fitness center, yoga studio, study area, resort-style swimming pool with hot tub, cabana lounges and a built-in grilling station.
We are pleased to enter the dynamic Michigan market with the addition of 48West and continue the expansion of our student living division, said Jaime Rauscher, COO of Monument Real Estate Services. We see continued opportunities in select markets around the country to utilize our management expertise in order to enhance the student living experience.
Situated across the street from Grand Valley State University, 48West is conveniently located near Lake Michigan Drive and is a short drive from Downtown Grand Rapids.
Monument's additional student housing community includes The Vault at Statesboro in Statesboro, Georgia. The firm's overall portfolio of properties now spans across 11 states.
This student living community provides an exciting opportunity to not only enhance the resident experience, but to also work throughout the community to provide them with the best amenities, said Lisa Davis, regional manager of Monument Real Estate Services. Our goal for 48West is to transform it into the premier student living community in the Allendale area.
For more information, please visit https://www.mresmgmt.com/ or https://www.48west.com/.