Champion Real Estate Company has acquired a portfolio of six student housing communities encompassing 292 units and 524 beds near Michigan State University in East Lansing, Michigan, for $42.26 million.

The communities are located at 635 Abbot Road, 129 Burcham Drive and 731-787 Burcham Drive.

This is the first acquisition for Champion Real Estate Company in Michigan but fourth student housing community purchase in 2021. Champion MSU, a subsidiary of Champion, will begin immediately on a complete rebrand and gut renovation of the student housing communities.

Stewart Hayes of JLL represented Champion Real Estate Company as well as the sellers.

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