With rising numbers in U.S. universities and colleges’ enrollment nationwide, schools are choosing to partner with third party student housing developers and management companies in order to provide students a wide variety of alternative housing options, frequently referred to as “University Affiliated Housing.”
Affiliated Housing Agreements direct prospective students to nearby off-campus affiliated properties as if it were part of its own inventory. The university may have a voice in certain aspects of the property’s operations, while the property owner will often adhere to the school’s residential policies and the university’s standard lease.
Motivating factors for both parties include: expedited development, reduction in risk, limited credit impact, and broadened planning goals. In many cases, the university is also able to implement their residence life program at the affiliated property, working closely with the owner as well as local staff.
Asset Campus Housing’s relationship with third party developers and school officials on University Affiliated Housing properties has grown significantly in 2012. This trend is seen within the current management portfolio, with ACH now overseeing more than 5,000 University Affiliated Housing beds nationwide.
(Pictured above: Knights Circle, University of Central Florida Affiliated Housing)
“With the current University Affiliated Housing properties ACH manages, we have seen tremendous teamwork and positive feedback from school officials on operations, residence life and marketing standpoints,” says Stuart Davis, VP of Operations.
With several senior level employees coming from an on-campus housing background, ACH fully understands and compliments the university and developer relationship.