With the first of many Texas Tech Red Raider home football games accounted for, Asset Campus Housing looks forward to future endeavors with one of their most recent student housing property developments; 25Twenty, located on the northwest corner of Marsha Sharp Freeway and University Avenue. 25Twenty broke ground in May 2010 and plans to begin preleasing this fall in accordance with the property’s new website that went live on September 15th, 2010.
Raider fans that attended last week’s game were able to see the new multi-use parking garage that will be adjacent to 25Twenty and serve as the parking garage to future residents. Raider Park is an 11 story garage with ground level retail and an open-air rooftop bar. The street located between the garage and 25Twenty was closed on game day for a pre-game concert and post-game festivities. "We look forward to this time next year when the residents of 25Twenty will be able to be a part of this unique Game Day experience" said to Barrett Kirk, Senior Vice President of Development.
25Twenty is a joint venture between Asset Plus Companies and Kayne Anderson Real Estate Partners I, L.P. (KAREP), a private equity real estate fund investing in specialized real estate sectors, with a primary focus on off-campus student housing. 25Twenty is a compelling investment for the fund as it is located in a public university market with solid enrollment growth and strong barriers to entry. KAREP anticipates 25Twenty having the same caliber of success that ACH’s 2009 development, The Lofts at Wolf Pen Creek has had with a 97% lease in 2009 and 100% pre-lease in 2010.
Residents will experience the superior level of customer service that ACH provides at all of their communities, as well as the most up to date technology and amenities. ACH is upgrading 25Twenty to have one of the fastest internet systems in the student housing industry, which will provide all residents with high speed internet access in their bedrooms. The amenities include a game room with a featured golf simulator, state of the art fitness center, theatre room, two outdoor courtyards and a competition sand volleyball court.
ACH aims for the development of 25Twenty to benefit the community at large with the opportunity to provide the ultimate housing experience for Texas Tech students, entertainment for alumni on game days, and a strengthened partnership with KAREP.

Asset Plus
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 50+ properties, exceeding 30,000 beds located throughout the United States.
About Kayne Anderson Real Estate Advisors
Kayne Anderson Real Estate Advisors (KAREA) is a private equity firm that invests in niche real estate sectors requiring specialized knowledge and skill for success, with a primary focus on off-campus student housing. KAREA is actively seeking student housing real estate assets of 150 units or more in close proximity to large public universities with strong student enrollment growth. The firm raised $136 million in commitments for its first real estate private equity fund Kayne Anderson Real Estate Partners I, which held its final close on March 31, 2009. KAREA is part of Kayne Anderson Capital Advisors, L.P., a $9 billion investment management firm with over 25 years successful experience in the energy, growth capital, real estate and mezzanine debt sectors.