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The Michaels Organization Announces Sale of Three Student Living Assets

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Press Release

Jan 7, 2022 12:00 EST

The Michaels Organization, a national leader in residential real estate, with full-service capabilities in development, property management, construction, and investment, announced today that it has completed the sale of three purpose-built student living properties, two in New York, and one in Texas. 

“The strategic sales of these high quality, financially successful assets will continue to fuel future growth of Michaels’ student living and market-rate developments, whilst at the same time delivering attractive returns to our investment and capital partners who have supported us in these deals,” said Michaels Executive Vice President Michael Flanagan.

The two New York…

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