Millikin University has completed its acquisition of The Woods Apartments, taking ownership of the property effective September 30th.
The university announced the news Thursday, saying the purchase moves its timeline for full ownership of the property ahead by approximately seven years.
Millikin says the acquisition reflects careful planning and management of university resources. Officials say the move is intended to support the university’s long-term financial future while maintaining a high-quality experience for students.
The university has not provided additional details about the financial terms of the acquisition or whether the change will affect student housing arrangements.
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