CO-DEVELOPERS COMPLETE FIRST PHASE OF OFF-CAMPUS APARTMENT COMPLEX

ANN ARBOR, MICH. — Co-developers Kensington/Marquette Partners and Allen & O’Hara Development have completed the first phase of The Courtyards, an off-campus student apartment complex situated adjacent to the University of Michigan North Campus in Ann Arbor. The final phase of the 896-bed, three-building community is scheduled to open in the summer of 2009. The property houses one-, two-, three- and four-bedroom units, each with private bathrooms. Located at 1780 Broadway, the community features 24-hour study rooms, tanning domes, a video game room and an on-site 20-seat movie theater. The estimated cost of completion was not disclosed.