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EAST LANSING, MICH. — Homestead on Lake Lansing LLC has purchased Homestead, a multifamily community located at 426 W. Lake Lansing Road in East Lansing. The 168-unit property sold for $7 million. The community features 48 one-bedroom units and 120 two-bedroom units. Community amenities include a 24-hour fitness facility, a volleyball court, a resident lounge and access to the East Lansing nature trail. Hendricks & Partners’ Kevin Dillon, Rick Vidrio, Rick Brace and Cary Scott Belovicz represented the seller, Angeles Income Properties Ltd.6, in the transaction.