Austin, Texas — Austin-based Aspen Heights Partners has acquired Lincoln Property Company’s student housing division, Grand Campus Living (GCL).
Aspen Heights will take over property management of GCL’s portfolio of more than 3,000 beds nationwide. These properties are located on- and off-campus in Florida, Idaho, Illinois, Nebraska, Montana, Ohio, Oklahoma, South Carolina and Texas. Demi Sterling-Kinney, vice president of operations for Aspen Heights, will oversee the third-party property management division.
“This acquisition is a testament to Aspen Heights’ continued commitment to expanding our business platform,” says Sid Keswani, COO of Aspen Heights Partners. “With this acquisition, we are excited to grow our third party property management footprint and expertise, and we will continue to provide best-in-class care to the students living in these properties.” Terms of the acquisition were undisclosed.