Location
Executive Summary
The Lawrence Portfolio consists of 18 well-located units in the heart of Ann Arbor, with an attractive mix of one and two-bedroom apartments ranging from approximately 550 to 700 square feet. Given the portfolio’s location, the tenant profile is primarily student-oriented, with many residents enrolled in medical school, graduate programs, or other University of Michigan academic tracks. The 12 units at 415 Lawrence are evenly split between one-and two-bedroom floor plans and were constructed in 1965 as purpose-built apartments, while the 6-unit building at 715 Lawrence is a converted home originally built in 1901 and comprised exclusively of one-bedroom apartments. Both properties operate on a per-unit leasing model with lease terms that follow the academic year.
Over ownership’s 30-plus years of operation, the properties have demonstrated consistent performance and have historically maintained full occupancy. That trend continues today, with the portfolio currently 100% occupied and fully pre-leased for the 2026–2027 academic year. Ownership also requires full parental guarantees on all leases, providing an additional layer of security within the student housing model.