HOUSTON, Texas – With the latest additions to its portfolio of managed properties, Houston-based Asset Campus Housing (ACH), the leading provider of student housing management in the United States, is positioned to oversee the operations and marketing of 25 percent of the student housing industry’s total off-campus beds that are expected to open in the fall of 2017.
ACH has been selected to oversee the marketing and lease-up efforts of 16 student housing developments across the nation, totaling more than 8,700 beds. The properties are set to open in Fall 2017 in various markets, such as Las Vegas, Nev.; Chicago, Ill.; Tallahassee, Florida; Turlock, Calif.; Tempe, Ariz.; Ft. Myers, Florida; Mobile, Ala. – to name a few.
“While most third-party management companies are still in their infancy, Asset Campus Housing has the experience and battle scars to know what’s right for our clients,” said Michael McGrath, CEO of Asset Campus Housing. “We have 30 years of experience in the student housing industry, and this experience and our ability to deliver performance is the reason why people continue to look to us for these projects.”
Axiometrics’ July 2016 reports show there will be a total 35,655 off-campus beds opening in the fall of 2017. Of these, ACH will be managing 25 percent of those beds.
“Over the past 10 years, we have overseen the lease-up of 15 developments a year,” McGrath said. “We have done very well on these assignments. We have achieved occupancy goals, maximized revenue and have often topped proforma rents. We have a team that focuses on these deals and functions completely separate from our operational properties.”