Austin, Texas — CA has achieved its highest-ever resident retention and occupancy rates.
Austin, Texas — Campus Advantage is reporting setting a company record by achieving a 46 percent returning resident ratio and 95 percent occupancy among its managed student housing portfolio for the 2012-2013 school year. The company achieved these rates while delivering a rental increase of 4.54 percent.
Mike Peter, President and CEO of Campus Advantage, said industry standards project that on average only 30 percent to 35 percent of student housing residents will renew their leases each year. Campus Advantage manages 48 student housing communities in 20 states.