Growing Demand for Market Research Studies Signals Turn Around for Student Housing Development

AUSTIN, Texas, Feb. 22 /PRNewswire/ -- Campus Advantage, the nation's largest private student housing company, is continuing to experience strong demand for its consulting services in the first two months of 2010.

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"Over the last 60 days we have completed market research engagements in six different markets around the country," said Scott Duckett, senior vice president at Campus Advantage. "Additionally, our development and acquisitions arms are currently participating in 18 separate RFPs associated with both private and public student housing projects."    

Over the last six years Campus Advantage has completed over 100 research studies in markets across the United States. In July of 2009 Campus Advantage formally launched its student housing consulting practice, completing more than twenty research projects in the following six months. In 2010 the pace has accelerated with six engagements completed in less than two months, including studies in the following markets:

• Richmond, VA
• Coots Town, PA
• Philadelphia, PA
• Eugene, OR
• Santa Fe, NM
• College Park, MD

"There is a renewed interest across the industry associated with student housing development and acquisition," said Mike Peter, President and CEO of Campus Advantage. "At the corporate level we are actively engaged with our clients and partners in a variety of due diligence processes and I expect that the entire industry will see an increase in activity over the next six months."

The state of the student housing industry will be a key area of discussion later this morning when Mike Peter moderates a keynote panel of senior student housing executives at the opening session for the National Apartment Association's annual Student Housing Conference. This year the conference is being held at Mandalay Bay in Las Vegas, NV. Additional information can be found online at www.naahq.org/shc.

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.

SOURCE Campus Advantage