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The Independent UK

National

Corey Williams

Michigan State endowment fund buys 79% stake in Detroit's iconic Fisher Building

Michigan State Detroit Michigan State University The Platform Platform

The Detroit News

Michigan State University's $3.9 billion endowment fund has become the majority investor in the Fisher Building, an iconic art deco style tower near downtown Detroit, the school announced Tuesday.

The fund is investing $21 million in the building, two adjacent surface parking lots and a parking structure for a 79% ownership stake. The other owners are real estate developer and property manager The Platform and the MSU Federal Credit Union.

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