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Asset Campus Housing Exceeds Leasing Market Average in College Park, MD, by 14 Percent

Aug 17, 2010

HOUSTON, Aug. 17 /PRNewswire/ -- Asset Campus Housing (ACH), one of the nation's premier student housing management companies, began overseeing all leasing, marketing, and operational aspects of University View I and University View II, a two phase high-rise, mixed-use 1,573 bed student housing facility located in College Park, MD, this past January.

University View I and II are both 100% leased for the academic 2010-2011 school year and 14% ahead of the market occupancy average.  The success is a true testament to ACH's multi-layered management operations and experienced direction to build and maintain vital relations with the University of Maryland.  Those of which include ACH's commitment to reserve hundreds of beds for the University's annual "Freshman Connections" program.

Identifying the size and expansion of University View with the addition of 517 beds in Phase II, ACH transferred an experienced Regional Supervisor to oversee the capital renovations of University View I and the operational start-up of University View II.  ACH recognized that it was essential to have high caliber leadership, with multisite experience present on the property daily.  This leadership strategy included having ACH's Director of Resident Life and Training present to implement the company's innovative and robust marketing strategies that led to the necessary traffic and successful lease up of University View.

ACH capitalized on the opportunity to further display the depth of its organization by contributing to the design and development of University View II, as well as redesigning the image and renovating the amenities in University View I.  ACH's unparalleled experience and expertise in achieving successful student housing developments was instrumental in determining the overall layout of University View.  As a result, ACH increased value by adding an indoor spin room, a game room, including two pool tables and a foosball table, multiple study areas with technological upgrades, and the addition of stand-up tanning beds.  

With an upcoming retail center to be developed and other innovative amenities added to the development, University View stays at the forefront of the industry. ACH continues to initiate transformative measures that will add tremendous value, convenience, and a much higher level of resident experience in years to come.

Headquartered in Houston, Texas, Asset Campus Housing, Inc. ("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.

http://www.assetcampushousing.com

http://www.assetpluscorp.com

SOURCE Asset Campus Housing

For further information: Audrey Nardecchia of Asset Campus Housing, +1-713-782-5800, anardecchia@assetpluscorp.com


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