SOURCE: Campus Advantage
February 09, 2011 11:00 ET
Campus Advantage Announces New Student Housing Communities
Adds Nearly 2,200 Beds in Five Communities; Continued Growth Highlights Strength in Niche Real Estate Sector
AUSTIN, TX--(Marketwire - February 9, 2011) - Campus Advantage, a higher education services company, today announced that it has added nearly 2,200 beds to its growing portfolio of student housing communities.
Five communities have joined the Campus Advantage portfolio:
- 4050 Lofts at University of South Florida in Tampa, Fla.
- Park at 1824 at University of Wisconsin-Milwaukee in Milwaukee, Wis.
- Z Islander at Texas A & M in Bryan, Texas
- Courtside at University of Oregon in Eugene, Ore.
- Skybox at University of Oregon in Eugene, Ore.
"We welcome these five communities to the Campus Advantage family," said Mike Peter, President and CEO of Campus Advantage. "These properties are located in areas with strong demographics, further strengthening our portfolio of first-rate student housing.
"A majority of these new properties are located in markets where we already have a presence, further deepening our market penetration and giving students more opportunities to live in a Campus Advantage community," said Peter.
"With 4050 Lofts, Campus Advantage provided underwriting, market analysis, due diligence, and acquisition services for the institutional investor of the property," said Scott Duckett, Executive Vice President and Chief Business Development Officer of Campus Advantage. "With our decades of industry experience and knowledge of the market, we are able to provide complete acquisition, operation, and management services to our clients."
"Interest in the student housing sector continues to grow, backed by strong demographics and the opening up of the financial markets," said Peter. "We anticipate 2011 will be another significant year as we prudently assess every opportunity."
For 2010, Campus Advantage added nearly 7,500 beds to its student housing portfolio.
About Campus Advantage
Campus Advantage (CA) is an Austin-based real estate firm that offers high education management, development, acquisition and consulting services. The Company currently manages more than 30,000 beds, at 52 locations in 21 states nationwide. Campus Advantage works to create winning partnerships between colleges, universities, investors, developers and owners in an effort to help students achieve their academic and personal goals. Campus Advantage is committed to providing innovative and customized solutions for premier student housing communities. For additional information, visit http://www.campusadv.com.