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EAST LANSING, MICH. — EdR has purchased Campus Village, a collegiate housing community serving Michigan State University in East Lansing, for $20.9 million. Campus Village is a 355-bed, 106-unit community adjacent to the university. The property was developed in two phases in 2002 and 2004 and is 97.7 percent leased for the 2012-2013 academic year. The average monthly lease rate is $639 per bed. Amenities include a clubhouse, fitness center, tanning bed, computer lab and volleyball court.