VESPER HOLDINGS BUYS 233-UNIT STUDENT HOUSING COMPLEX IN MICH.

ANN ARBOR, MICH. — New York City-based Vesper Holdings has purchased the 233-unit Woodland Mews Apartments & Townhomes in Ann Arbor through an off-market transaction. The complex is in close proximity to the University of Michigan and is 100 percent leased. Amenities include a swimming pool, central air, balconies, and in-unit washer and dryers. Vesper plans to invest more than $1 million in capital improvements.