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.

Asset Campus Housing is pleased to welcome Campus Walk I & Campus Walk II to their nationwide student housing management portfolio.

The two properties are located in Wilmington, North Carolina only two blocks away from the University of North Carolina at Wilmington. Together, the properties provide housing for over 557 students in the area.

A variety of unit floor plans range from one-, two-, and three bedroom apartment homes and an additional townhome layout. Amenities offered include: a full size recreation swimming pool, basketball court, volleyball court, fully equipped fitness center, tanning bed, and picnic area with multiple grills available for resident's use.

Cynthia Arroyo is a Regional Supervisor with Asset Campus Housing. Cynthia is responsible for overseeing student housing properties in the western region of the United States. 

Cynthia has eighteen years of  real estate and property management experience and has been recognized for her ability to energize communities, improve NOI, occupancy and retention rates.

Prior to joining Asset Campus Housing, Cynthia was a Regional Manager with a large east coast management firm where she oversaw 11 owned and managed assets in 5 states totaling 5,900 beds. 

Asset Campus Housing believes its people are the company’s greatest asset and has assembled a team that is quite simply unparalleled in the industry. We are proud to welcome Cynthia to the team.

Bridge Partners, a real estate investment and development company based out of California, recently acquired Indigo Place, a 588 bed student housing community located near the University of Illinois. Upon acquisition of Indigo Place, Bridge Partners placed Asset Campus Housing as the onsite management and operational team.  ACH quickly began implementing a comprehensive renovation, marketing and rebranding campaign to reposition this asset as a leader in the local Champaign/Urbana student housing market.

Indigo Place offers a variety of 2-, 3- and 4- bedroom floor plans with individual leases and brand new furniture in the living room, dining room and bedroom. The community will include a luxury of amenities such as; a state of the art fitness center, computer center, game room with billiards and Ping-Pong tables, a competitive sized basketball and sand volleyball court, and an oversized hot tub set beside the resort style swimming pool.

This particular acquisition is in line with Bridge Partners’ strategy to build out their student housing portfolio and pursue value add and distressed deals throughout the country. They plan to invest approximately $900,000 in capital to reposition the property by rebranding the name to “One 17 Place”, enhancing the exterior appearance, and updating the clubhouse, swimming pool, fitness center and game room.

Asset Campus Housing is actively working with Bridge Partners to grow their student platform over the next 12-24 months. 

The Domain at Town Centre, a joint-venture between Asset Plus Companies and Diamond Realty Investments, Inc., recently opened its doors to Morgantown, West Virginia.

Representatives of the Morgantown and Granville Chamber of Commerce as well as representatives of the University of West Virginia participated in the ribbon cutting and grand opening ceremonies.

The Domain at Town Centre provides 912 beds to students attending WVU, and features a luxury of amenities that include: a grand resort style swimming pool, an outdoor BBQ kitchen, sand volleyball and   basketball courts. Managed by Asset Campus Housing, an affiliate of Houston-based Asset Plus Companies, The Domain at Town Centre is 100% pre-leased for the 2012-2013 school year.

To learn more about the Domain at Town Centre, visit www.liveatdomain.com.

We are proud to announce management of a new student housing development in Tallahassee, FL: Catalyst.

Catalyst is a student housing development by Chance Partners LLC, located at the doorstep of Florida State University. Scheduled for completion in 2013, Catalyst will feature private one-, two-, three- and four bedroom floor plans, along with modern furniture packages, washers and dryers, complimentary internet and cable. The new development will differentiate itself in the market by including a roof top deck (pictured below), resort style swimming pool,  private parking garage, business center and fully equipped fitness center.

Asset Campus Housing is pleased to announce management of our most recent assignment in San Angelo, Texas: Angelo Place. 

Angelo Place is a 480-bed student housing community located less than a mile away from Angelo State University.  Angelo Place features private bedrooms, modern furniture packages, washers and dryers, complimentary internet and cable.  Residents enjoy the luxury of multiple amenities including: a resort-style swimming pool with sundeck, poolside theatre, fitness center, business center, and competitive sand volleyball court.

Nir Goldberg joins Asset Campus Housing as an Asset Manager. Nir is responsible for    assuring that each student housing property operates in the most efficient manner while maximizing revenue for owners.

Prior to Asset Campus Housing, Nir worked for Verde Apartment Communities, a private REIT based in Houston, TX. At Verde, Nir worked as an Associate in their Asset  Management department, overseeing the asset management functions of 14 apartment communities totaling 4,790 units. While his day-to-day tasks varied in nature, his ultimate responsibility was to maximize cash flows of each of the assets in the portfolio. Nir spent the majority of 2011 managing the disposition process for Verde’s multi-family portfolio. Prior to Verde, Nir worked for Cole Real Estate Investments, a public non-traded REIT, in their acquisition department. While at Cole, Nir analyzed over $200 MM in single and multi-tenant retail deals. Nir holds a Bachelor of Science in Computer Science from the University of Texas at Austin and a Master of Business Administration from the University of North Carolina.

Amanda White joins the Asset Campus Housing corporate team as an Operational  Specialist. Amanda’s focus is operations with an emphasis on market reports and financials. 

Amanda first began her career in student housing as a community assistant for Asset Campus Housing at Crossing Place Apartments in College Station, Texas.  While in College Station, Amanda had the opportunity to serve on the initial ACH management team for a new assignment where her attention to detail and ability to execute were immediately  noticed.  Amanda assisted in helping this new assignment increase occupancy from 47% to 96% in two months. After assisting with the new assignment, Amanda returned to Crossing Place as General Manager and led her team to set a property record of achieving 100% prelease before April 1st. Amanda is a graduate of Texas A&M University and holds a Bachelor’s degree in Meteorology with a math minor.

Michelle Messa joins the Asset Plus corporate team as our Student Housing Administrative Assistant. Michelle began her career in student housing as a community assistant for Crossing Place Apartments in College Station, Texas.  Michelle excelled with high renewal numbers and an excellent closing ratio. She was then promoted to Assistant General Manager after only a year of working for Crossing Place and propelled the team to their record breaking year. Michelle is a graduate of Texas A&M University with a Bachelor’s degree in Psychology and a minor in English.

Wanda Norrick has rejoined Asset Campus Housing as the Senior Vice President of Student Housing. Wanda is responsible for the student housing operations support team, which includes the oversight of budget compliance, adherence to company policies, and the assessment of all system efficiencies onsite.  In addition, Wanda ensures that all property financial reports and operational structures align with ownership directives.

Wanda previously worked for Asset Campus Housing in a capacity where her duties included the oversight of financial  reviews, reporting requirements and operational issues.  Wanda also assisted with underwriting, preparing strategic business plans, reviewing cash management, approving capital expenses, conducting semi-annual and annual meetings with ownership, as well as reviewing annual budgets before the submission to property ownership. 

Wanda has over 13 years of experience in student housing and property management.  She previously worked for JLB Partners as Vice President Asset Management and Fairfield Residential as Regional Vice President Student Housing.