March 2, 2015


Renovation of 12Fifty5 on University apartments complete

MIG Real Estate, a Newport Beach, California-based real estate investment company, is pleased to announce that they have completed renovations at 12Fifty5 On University Apartments in Tempe, Arizona. The community, formerly named Quadrangles Village, has undergone significant improvements to convert the property from conventional apartments to student housing. The 756-bed student housing community is located at 1255 University Drive between Rural Road and McClintock Drive. 12Fifty5 is situated in a bike friendly neighborhood within walking distance to the campus of Arizona State University and local Metro light rail and bus routes.

12Fifty5 has been redesigned with contemporary upgrades and features to meet the needs of today’s students,” said Marc Venegas, Director of Multifamily Investments. “Our goal was to create a positive, upbeat environment that enhances the overall living experience.”

The community is professionally managed by Greystar Student Living and offers studios, one and two-bedroom apartment homes ranging in size from 493 to 848 square feet of living space. Upgrades to the apartment homes include wood-style flooring, modern carpeting, white cabinetry, new appliances and designer lighting fixtures. Spacious floor plans incorporate features such as open kitchens, large patios and balconies, walk-in closets and exterior storage rooms.

The community clubhouse has been fully remodeled with contemporary furnishings, a new game room with billiard tables and private study lounges. The renovation includes the addition of multiple computers stations, a new leasing office and an upgraded fitness center. Residents can also enjoy a variety of amenities including three swimming pools, two spas, tanning beds, four laundry centers with new “smart” washers and dryers, covered parking and grilling stations. The pet friendly community is gated and provides recycling centers, a community garden, bicycle racks, roommate matching and student activities.

“12Fifty5 is conveniently located on University Drive close to Mill Avenue, Tempe Town Lake, Tempe Marketplace and only minutes away from the Loop 202 and Sky Harbor Airport,” said Michelle Fuller, Managing Director of Greystar Student Living.