Z West
Ann Arbor, MI
Address:
401 Thompson Street, Ann Arbor MI 48104
Market:
University of Michigan
Beds:
299
Asset Class:
Student Housing
Date Acquired:
August 2019
Status:
Operating
Property Description
Ocean West closed on the acquisition of Z West in August 2019, as part of a portfolio that included its sister property, Z Place. Z West is a 14-story, 299-bed luxury student housing community constructed in 2012. The property is located on the northwest side of campus, within a two-minute walk to the Diag, the heart of the University of Michigan campus. The property offers all of the amenities of off-campus living, including lobby and ground floor retail, a state-of-the-art fitness center, and two-level indoor parking. With its high-end amenities, luxury finishes, and exceptional location, the property has remained fully leased since construction. Ocean West is currently in the midst of a multi-year renovation plan to further enhance the student experience with capital improvements to the living units, common areas, and amenities.