The 741-bed development features a ground-level, full-service Misfit Society Coffee Club, blending hospitality and residential living.
Photography by Shelsi Lindquist.
ANN ARBOR, MI – SEPTEMBER 15, 2025 – Subtext, a national real estate company focused on elevating the resident experience, has officially opened VERVE Ann Arbor, a new 12-story, 741-bed student housing development near the University of Michigan. Located at 721 South Forest Street, the 328,264-square-foot project includes 217 units ranging from studios to six-bedroom layouts.
Marking a first-of-its-kind integration for Subtext, VERVE Ann Arbor features a ground-level, full-service lobby coffee shop operated by local favorite, Misfit Society Coffee Club. The amenity enhances daily life for residents by providing a convenient, vibrant space to grab coffee, meet neighbors and engage with the local community. Now open to the public, Misfit Society Coffee Club at VERVE Ann Arbor is the brand’s second location in the city.
“Bringing a full-service coffee shop into the lobby at VERVE Ann Arbor was a bold step in rethinking how we design an active lobby lounge,” said Tim VanMatre, Founding Partner, Subtext. “From concept to opening, we programmed an environment that seamlessly blends daily convenience, community connection and social energy. Residents and the broader community can now experience a space that truly elevates everyday living.”
“This collaboration is a first proof of concept that we couldn’t be more excited about,” added Brad Goulding, Head of Brand, Misfit Society Coffee Club “The lobby at VERVE is not only a beautiful space—it feels like a natural extension of the welcoming, creative refuge our café is known for, and the perfect complement to our brand.”
Photography by Shelsi Lindquist.
VERVE Ann Arbor’s amenity offerings reflect the growing demand for housing that blends identity, design and experience. With holistic wellness at the forefront, the development responds to the values of Gen Z and Gen Alpha, who increasingly prioritize both mental and physical health. Key features include:
· Rooftop inclusive of a pool deck, hot tub, outdoor kitchen with grilling stations, poolside jumbotron, yard games, lounge areas and private cabanas with TVs
· Penthouse clubroom with fireplace and club kitchen
· A two-story fitness center with cardio and strength equipment
· Yoga studio, sauna and wellness rooms
· Private conference rooms and ample open study spaces
· Dog park
· Electronic package locker with 24/7 package pickup
· On-site bike storage with repair services
· EV stations
“We’ve spent years building in this market and developing a deep understanding of what students in Ann Arbor truly want,” said Brandt Stiles, Founding Partner, Subtext. “VERVE represents the culmination of that experience—a next-level development that redefines what student housing can be. From strategy and design to the resident experience, this project reflects our commitment to raising the bar and delivering something truly distinctive.”
VERVE Ann Arbor was developed in partnership with FrontRange Capital and Kayne Anderson Real Estate. Webster Bank served as the lender. Architecture was led by WDG Architecture and interiors were led by ESG Architecture & Design. General contracting was led by Brinkmann Constructors, representing their eleventh project with Subtext and underscoring a longstanding partnership across the country.
VERVE Ann Arbor is Subtext’s third development in Ann Arbor representing the company’s ongoing commitment to the market. Previous developments include Six11 and The Yard.
For more information or to explore VERVE Ann Arbor, visit https://verveannarbor.com.
About Subtext
Subtext is a vertically integrated, national real estate company focused on elevating the resident experience. From student living to attainable housing to conventional multifamily, Subtext creates thoughtfully designed communities that foster connection, productivity, and well-being. Its resident-first approach combines top-tier expertise, in-depth market research, and resident feedback to deliver lasting value. Subtext cultivates spaces where renters can live their best lives. For more information about Subtext, or to inquire about opportunities, visit subtextliving.com.
About FrontRange Capital
FrontRange Capital is a real estate private equity firm specializing in strategic partnerships with leading middle-market real estate companies. FrontRange provides both the capital and operational expertise for management teams to further institutionalize their businesses and execute their growth plans. The firm strives to serve its investors by being a partner of choice for real estate owners and operators, with investment opportunities and financial terms that reflect the value brought to each relationship. For more information, please visit frontrangecap.com.
About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $18 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $38 billion alternative investment management firm with more than 41 years of successful experience across real estate, infrastructure, energy, and credit. For more information, visit www.kayneanderson.com/real-estate. (As of June 2025)
