Campus Advantage Achieves Industry Milestone
45% returning resident ratio for 2011 / 2012
10 percentage points higher than industry average
AUSTIN, Texas, Sept. 29, 2011 /PRNewswire/ -- Campus Advantage, a leading student housing company, today announced that it achieved an unprecedented 45 percent returning resident ratio for the 2011 / 2012 school year among its managed student housing portfolio.
"We achieved a 45 percent returning resident ratio because of our focus on our clients' properties and the hard work and dedication of everyone at Campus Advantage, it is a tremendous accomplishment," said Mike Peter , President and CEO of Campus Advantage. "It's about providing outstanding service to our customer, the student, and consistently providing them with the best living options available and best value at every one of our communities.
"It was truly a team effort, from our site and corporate operations team – ensuring our properties are running well; to our residence life team – giving our students the programming and fun atmosphere they want and enjoy; to our leasing and marketing team – providing residents the right price-point, with the right message," said Peter.
" Casey Van Zandt , our Vice President of Leasing and Marketing, was instrumental in Campus Advantage accomplishing our industry-leading returning resident ratio," said Peter. "She took the challenge and led the charge for months."
"Our motto 'Live Wisely', provides residents the best living experience, at a great value, in a positive and engaging environment," said Van Zandt. "We also make it easy for them to transfer from one property to another in our growing multi-state portfolio."
Van Zandt concluded; "This high-water mark in leasing confirms that our customers recognize that the Campus Advantage brand stands for hassle-free living, value for your money and best of all, fun!"
Normal industry standards project 30- to 35-percent of student housing residents' return annually. Campus Advantage achieved a 45 percent returning resident ratio amongst its 42-property portfolio while at the same time securing significant rental rate increases for its clients. Companywide, Campus Advantage's occupancy reached more than 95 percent, with 26 of its properties reporting 97 percent or greater occupancy.
About Campus Advantage
Campus Advantage (CA) is an Austin-based real estate firm that offers higher education management, development, acquisition and consulting services. The Company currently manages 30,000 beds in 18 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, please visit http://www.campusadv.com.
SOURCE Campus Advantage
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