The Michigan Real Estate Fund is a student-led fund investing in core-plus residential, office and industrial assets in growing U.S. cities with a focus on the Midwest. The fund makes direct financial investments in stable, cash-flow-positive commercial real estate developments in the U.S. The fund invests only as a minority, limited liability, equity partner. The fund will make one or two individual investments annually, in the amounts of $125,000-$300,000 each. The fund is managed by 18 MBA and 12 BBA students, working in four distinct teams called “silos.” Each silo is led by a second-year MBA student, and its members choose their specific focus. The silos work closely with experienced mentors and alumni partners, giving students valuable networking opportunities as well as professional guidance. In 2016, the fund made its first investment: The Chateau Nederland apartments in Nederland, Texas. The fund partnered with ROCO Real Estate in Bloomfield Hills, Mich., to invest in the project, a 178-unit apartment complex with a total purchase price of $7.9 million.