{"id":1004071761,"date":"2013-04-25T08:41:59","date_gmt":"2013-04-25T16:41:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=121542"},"modified":"2020-04-07T23:06:10","modified_gmt":"2020-04-08T07:06:10","slug":"new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\/","title":{"rendered":"New Student Residence, Fellowships Funded by Historic $110 Million Gift from U-M Alumnus"},"content":{"rendered":"<p style=\"text-align: justify;\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify;\">The University of Michigan (U-M) has received a $110 million donation from Charles T. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/charles-t-munger.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-121544\" title=\"charles t munger\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/charles-t-munger.jpg\" alt=\"\" width=\"172\" height=\"211\" \/><\/a>Munger, vice chairman of Berkshire Hathaway Inc. and philanthropist. This is the largest gift awarded to the university in its almost 200-year history and, as the school revealed in a statement last week, it will be mostly used to build a graduate students residence at its Ann Arbor Central Campus, on a site currently housing a parking garage between South Division and Thompson streets. A considerably smaller part of $10 million will go to fellowships that will be offered to students enrolled at U-M\u2019s 19 schools and colleges.<\/p>\n<p style=\"text-align: justify;\">The proposed student residence has already been approved by the university Board of Regents and will be named in honor of Charles T. Munger, a billionaire who studied mathematics at the university in the 1940s. It is estimated that the new eight-story development will cost around $185 million but the U-M will cover the rest from lease revenue.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-121545\" title=\"u-m logo\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/u-m-logo.jpg\" alt=\"\" width=\"192\" height=\"189\" \/><\/p>\n<p style=\"text-align: justify;\">Co-designed by Munger himself as a LEED Silver-certifiable revolutionary residential-academic concept, the 370,000-square-foot building is set to open in fall 2015. It will house more than 600 students, including the recipients of the fellowships funded by this record donation.<\/p>\n<p style=\"text-align: justify;\">Most apartments will include seven individual sleeping \/studying rooms with private baths, shared kitchens and furnished dining and living areas, while some units will have three or six bedrooms.<\/p>\n<p style=\"text-align: justify;\">\u201cWe anticipate this new building will have many options for students for meetings, gathering spaces, project spaces and living accommodations that combine the best private and common space,&#8221; said U-M President Mary Sue Coleman.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-detroit-posts-third-consecutive-year-of-job-gains-for-first-time-since-2000\/1004076388.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for more market data from Detroit.<\/p>\n<p style=\"text-align: justify;\"><em>Image credits to Wikipedia author Nick<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The University of Michigan (U-M) has received a $110 million donation from Charles T. Munger, vice chairman of Berkshire Hathaway Inc. and investor. This is the largest gift awarded to the university in its almost 200-year history and, as the school revealed in a statement last week, it will be mostly used to build a graduate students residence at its Ann Arbor Central Campus, on a site currently housing a parking garage between South Division and Thompson streets. A considerably smaller part of $10 million will go to fellowships that will be offered to students enrolled at U-M&rsquo;s 19 schools and colleges.<\/p>\n","protected":false},"author":258,"featured_media":1004507415,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[1815],"class_list":["post-1004071761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-detroit","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New Student Residence, Fellowships Funded by Historic $110 Million Gift from U-M Alumnus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Student Residence, Fellowships Funded by Historic $110 Million Gift from U-M Alumnus\" \/>\n<meta property=\"og:description\" content=\"The University of Michigan (U-M) has received a $110 million donation from Charles T. Munger, vice chairman of Berkshire Hathaway Inc. and investor. This is the largest gift awarded to the university in its almost 200-year history and, as the school revealed in a statement last week, it will be mostly used to build a graduate students residence at its Ann Arbor Central Campus, on a site currently housing a parking garage between South Division and Thompson streets. A considerably smaller part of $10 million will go to fellowships that will be offered to students enrolled at U-M&rsquo;s 19 schools and colleges.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-25T16:41:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T07:06:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/charles-t-munger.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"New Student Residence, Fellowships Funded by Historic $110 Million Gift from U-M Alumnus\",\"datePublished\":\"2013-04-25T16:41:59+00:00\",\"dateModified\":\"2020-04-08T07:06:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\\\/\"},\"wordCount\":288,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/charles-t-munger.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Detroit\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-student-residence-fellowships-funded-by-historic-110-million-gift-from-u-m-alumnus\\\/\",\"name\":\"New Student Residence, Fellowships Funded by Historic $110 Million Gift from U-M Alumnus - 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