Campus Advantage Announces New Student Housing Communities
Adds nearly 1,000 beds in three communities
Continued growth highlights strength in niche real estate sector
AUSTIN, Texas, Oct. 26 /PRNewswire/ -- Campus Advantage, a higher education services company, today announced that it has added nearly 1,000 beds to its growing portfolio of student housing communities.
Three communities have joined the Campus Advantage portfolio: 8 1/2 Canal at Virginia Commonwealth University in Richmond, Va.; The Union at Midtown at Wayne State University in Detroit, Mich.; and 318 Commons at University of Minnesota, Rochester in Rochester, Minn.
"These new start-ups are evidence that certain sectors of the real estate industry are beginning to thaw and attract new investment," said Mike Peter , President and CEO of Campus Advantage. "We welcome these new communities to the Campus Advantage family, and expect more to join soon."
"The student housing industry experienced steady growth during the recession, and as the financial markets continue to open up, we expect that growth to increase," said Scott Duckett , Executive Vice President and Chief Business Development Officer. "Overall interest and requests for market analysis show strong demand, as we prudently assess every opportunity."
Since January 2010, Campus Advantage has added nearly 5,300 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.
SOURCE Campus Advantage
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