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LaSalle Investment Management, the global real estate investment manager headquartered in Chicago, has acquired Red Cedar Flats, a purpose-built student housing community within walking distance of Michigan State University.
The property comprises 190 units and 436 beds, adding a demand-anchored residential asset to LaSalle's portfolio at a moment when institutional managers are actively repositioning toward sub-sectors insulated from broader housing-cycle pressures.
Why Student Housing Is Drawing Institutional Capital Purpose-built student accommodation has attracted increasing allocations from large real estate managers because its occupancy dynamics diverge from conventional multifamily.
Demand is tied to university enrollment cycles rather than the general labor market, giving properties with strong proximity to major campuses a relatively stable tenant base through economic slowdowns.
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