ASB Capital Management Awards Campus Advantage Operations Contracts for Portfolio of Student Housing Communities

AUSTIN, Texas, March 23 /PRNewswire/ -- Campus Advantage, the nation's largest third-party student housing management company, has won contracts to manage a student housing portfolio of 3,185 beds. The portfolio includes properties located in Bloomington, Tampa, Chicago, and Milwaukee.  

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"We were impressed by the depth of experience demonstrated by the entire Campus Advantage team, particularly in the areas of efficient operations, responsible financial stewardship and effective residential life programming," said James Darcey , managing director at ASB Capital Management, LLC. "We look forward to partnering with Campus Advantage to strengthen these communities and create fantastic experiences for our residents."

As a result of this agreement Campus Advantage will immediately take over operations for the following properties:

• On 50
• Millennium
• Bloom
• Automatic Lofts
• Dwight Lofts
• 2040 Lofts

"This is an important relationship for Campus Advantage," said Scott Duckett , senior vice president at Campus Advantage. "We are thrilled ASB has decided on our student-focused operations approach as the best match for their portfolio and we will work tirelessly to deliver a great experience for our new residents and staff members."

About Campus Advantage

Campus Advantage (CA) is an Austin-based real estate firm that offers management, development, acquisition and consulting services for student housing. The company currently manages over 30,000 beds at 37 universities across the nation. 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. With over 900 employees, Campus Advantage is committed to providing innovative and customized solutions for premier student housing communities. For additional information, visit http://www.campusadv.com.

ASB Capital Management

ASB Capital Management, LLC (ASB), with over $7.3 billion in assets under management, is one of the largest investment advisory firms headquartered in the Washington, DC area.  The company's ASB Real Estate Investment Division runs three private real estate funds with approximately $3 billion in assets, comprised of 74 properties and approximately 17 million square feet in 27 markets across the country.

SOURCE Campus Advantage

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http://www.campusadv.com