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Asset Campus Housing Receives Zoning Approval for New Student Housing Development Near University of Arkansas

Sep 27, 2011

HOUSTON, Sept. 27, 2011 /PRNewswire/ -- Asset Campus Housing, a leader in the management and development of student housing properties nationwide, announced today that it has received final zoning approval on a 16.24 acre site to develop an off-campus student housing project near the University of Arkansas in Fayetteville, Arkansas.

The 648-bed development will be located on Beechwood Avenue south of Highway 62 within walking and biking distance of the University.

The community will offer fully furnished one-, two- and four-bedroom units, with private bathrooms for each bedroom along with washers, dryers and walk-in closets.

Asset Campus Housing's development will feature a 10,100-squarefoot clubhouse with a fitness center, Full Swing golf simulator, theater room, computer lab, fully-amenitized game room with custom gaming stations, wireless Internet cafe, resort-style pool and a pro-style sand volleyball court.

Construction of the new student housing development will begin in spring 2012 and pre-leasing will begin in September 2012. The development is scheduled to be completed and open to residents for the 2013-2014 academic school year.

About Asset Campus Housing

Headquartered in Houston, Texas, Asset Campus Housing is an affiliate of Houston-based Asset Plus Companies, a property management firm specializing in real estate services for investors, developers, and owners. ACH currently manages a student housing portfolio with more than 60 properties exceeding 40,000 beds nationwide. Asset Plus Companies currently manages a portfolio valued in excess of $2 billion.

SOURCE Asset Campus Housing

For further information: Barrett Kirk, SVP Development of Asset Campus Housing, +1-713-782-5800, bkirk@assetpluscorp.com


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