SOURCE: Asset Campus Housing

Asset Campus Housing

October 04, 2016 11:00 ET

Asset Campus Housing Awarded Management Over 25 Percent of Student Housing Industry's New Beds Opening Fall 2017

HOUSTON, TX--(Marketwired - Oct 4, 2016) -  With the latest additions to its portfolio of managed properties, Houston-based Asset Campus Housing (ACH), the leading provider of student housing management in the United States, is positioned to oversee the operations and marketing of 25 percent of the student housing industry's total off-campus beds that are expected to open in the fall of 2017.

ACH has been selected to oversee the marketing and lease-up efforts of 16 student housing developments across the nation, totaling more than 8,700 beds. The properties are set to open in Fall 2017 in various markets, such as Las Vegas, Nev.; Chicago, Ill.; Tallahassee, Florida; Turlock, Calif.; Tempe, Ariz.; Ft. Myers, Florida; Mobile, Ala. -- to name a few.

"After 30 years in the industry, our experience and our past performance is the reason why people continue to look to us for these projects," said Michael McGrath, CEO of Asset Campus Housing. "We believe the number of beds we are set to lease up for 2017 is a direct reflection of that."

Axiometrics' July 2016 reports show there will be a total 35,655 off-campus beds opening in the fall of 2017. Of these, ACH will be managing 25 percent of those beds.

"For the past decade, we have been brought in to oversee the lease up of 15 developments each year," McGrath said. "We are extremely proud to say that we have done very well on these assignments by reaching occupancy goals, maximizing revenue and in many cases beating proforma rents. We have an entire team that is focused solely on these deals and functions completely separate from our operational properties."

About Asset Campus Housing
Asset Campus Housing is a third-party property management firm based in Houston, Texas. It manages a student housing portfolio of over 250 properties and is the largest third-party student housing management company in the nation. With a growing portfolio that includes hundreds of properties across the globe, Asset Campus provides services that include property management, asset management, development, and investment services. Visit http://assetcampushousing.com to learn more.