Joint Venture Homestead Development Partners Forms

Park City, Utah — Homestead Development Partners has formed as a venture between Michael Augustine, Jared Miller, Evan Schwartz and Columbus Pacific Properties.

The company’s focus is to develop high-caliber student housing communities nationwide and acquire assets through a value-add strategy. Target communities will be focused in tier-two and tier-three markets with a smaller emphasis on tier-one.

HELIX Starkville, Homestead’s first development, is currently under construction at Mississippi State in Starkville, Mississippi. HELIX Starkville will be 258 units comprising 802 beds in one-, two-, and four-bedroom floor plans located across the street from campus. Leasing will begin fall 2015.

Two additional Homestead developments are in the planning stages. The first is located at another southern university, while the second will be located in the northeast.

Developments and value-add acquisitions will be acquired by Homestead Development Partners and managed by Homestead-U, an affiliated management company based in Columbus, Ohio.

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