HOUSTON, Feb. 28, 2012 /PRNewswire/ -- GHP Management, a subsidiary of G.H. Palmer Associates, recently awarded Asset Campus Housing with the management of their most recent student housing development.
The Lorenzo is a 2013-2014 mixed use student housing development located in Los Angeles, California. The property will be built in two phases: Phase 1 will be completed in fall 2013 with just under 2,000 beds, while Phase 2 will be completed in fall 2014 with an additional 1,658 beds. Upon completion, The Lorenzo will have a total of 913 units and 3,648 beds available to students in the greater Los Angeles area.
The site is located less than one mile away from the University of Southern California, St. Mary's College, LA Trade Tech, Exposition Park and the Los Angeles Memorial Coliseum. Further entertainment near The Lorenzo includes the renowned Staples Center, LA Live, the Music Center and the Disney Concert Hall. In addition, the site is directly adjacent to one of the 19 stations on the future Expo Line, which will be the first mass transit line to connect Downtown Los Angeles with the Westside.
Paving the way for all future student housing developments, The Lorenzo will offer an unparalleled variety of amenities available to residents. Community amenities will include: five libraries with computers and break out study rooms, a fully amenitized virtual gaming and arcade room featuring XBOX 360 and Wii, a theatre room with stadium seating and karaoke features, a three story fitness facility complete with a climbing wall, a running track and an aerobic/dance fitness room. Outdoor features will include five rooftop sundecks with views of downtown, four resort style swimming pools with cabanas, three heated outdoor Jacuzzis, two indoor basketball courts with elevated jogging tracks circling each court, and a pro-style sand volleyball court. All apartments will be fully furnished with granite counter tops, brushed nickel hardware, stainless steel Whirlpool appliances, wood plank flooring in living and kitchen area and plush cut pile Berber carpet in bedrooms.
Asset Campus Housing is proud to work with GHP Management in the lease-up of this new development and looks forward to introducing The Lorenzo as the premier student housing community in Los Angeles, California.
About Asset Campus Housing
Headquartered in Houston, Texas, ACH is an affiliate of Houston-based Asset Plus Companies, a third party property management firm specializing in real estate services for investors, developers, and owners. Asset Campus Housing manages a student housing portfolio of 65+ properties, exceeding 42,000 beds located throughout the United States. For additional information, please visit: www.assetcampus.com.
About G.H. Palmer Associates
G. H. Palmer Associates, established in 1975, is a diversified real estate company with an aggressive commitment to the future of high-quality, investment grade real estate. The firm has been involved in a variety of properties as a general partner for acquisition of residential, commercial and industrial properties. To these partnerships, the company has contributed the creative and administrative leadership as well as the financial depth to assure each property's successful operation and performance.
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SOURCE Asset Campus Housing