Scottdale, Ga. — Caliber Living has been awarded management of The Creed Group’s portfolio of ‘Ivy Row’ branded student housing communities. The Ivy Row portfolio currently consists of three properties in Alabama and Mississippi. Two additional Ivy Row communities are scheduled to break ground this summer in Jacksonville, Alabama, and Ruston, Louisiana. “Caliber Living is delighted to provide service to the Ivy Row brand,” says Rick Jones, president of Caliber Living. The Scottdale, Georgia-based company’s Jacob Dzurino was recently promoted to vice president of sales and client services, where one of …
In times of slowing economic growth, property owners and developers frequently shift their attention away from expansion to focus on portfolio optimization. In turn, that can put added pressure on property management firms to perform at a high level. At Asset Living, a Houston-based manager of conventional and affordable apartments, build-to-rent communities, active adult and student housing, executives are emphasizing people, processes and technology to ensure that their clients achieve success not just during a slump, but in any economic environment, says Stacey Lecocke, who, as an executive vice president, …
Advanced risk assessments for rent and deposit insurance products are helping a growing number of owners and managers of purpose-built student housing to streamline their businesses. Algorithms and models driven by artificial intelligence (AI) can improve the risk assessment process, indicating factors and patterns tied to the possibility of default. For landlords that accept them, rent and deposit coverage policies take the place of personal guarantors or traditional cash deposits. For typically less than the cost of one month’s rent, renters can purchase a policy that pays their landlord if …
San Diego — Campus Life & Style has been awarded management of two student housing communities located near San Diego State University. The properties — dubbed StateSide and Monte — are currently under construction by Next Space Development, and will offer a total of 315 beds upon completion. StateSide is expected for completion in August and will offer a mix of two-, three- and four-bedroom units with double-occupancy options available. Amenities at the property will include a fifth floor sky lounge, study spaces, a community kitchen and outdoor lounge space. Monte …
With over 317,000 Chinese students studying at the graduate or undergraduate level in the United States, and with that number likely to grow rapidly, student housing for Chinese nationals presents a wealth of opportunities for owners and operators. COVID temporarily decreased international student enrollment, but now students are returning. This surge reflects an ongoing, global trend. A 2022 report from market research firm HolonIQ projects that the worldwide number of international students is set to increase from 5 million students currently to 8 million by 2030. “The demand amongst Chinese …
Auburn, Ala. — RPM Living has been awarded management of Samford Square, a 756-bed student housing community located near Auburn University in Alabama. The property offers 246 furnished units in two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a resort-style swimming pool, clubhouse, 24-hour fitness studio, theater lounge, sand volleyball court, hammock garden, cyber cafe, tanning booth and activity room.
Fort Worth, Texas — Campus Life & Style has been awarded management of Loft Vue, a 147-bed student housing property located near Texas Christian University in Fort Worth. The community is owned by Hilmar Investments and is 98 percent occupied for the current academic year. The property offers a mix of one-, two-, four- and five-bedroom units. Shared amenities include a swimming pool, 24-hour fitness center, sauna, study room and grilling areas. Exterior updates are planned for Loft Vue, which recently received common area renovations.
San Marcos, Texas — Campus Life & Style (CLS) has been awarded management of The View on the Square, a 390-bed student housing property located near Texas State University in San Marcos. The community, which is owned by Celmark Development, offers a mix of studio, one-, two-, four- and five-bedroom units. Shared amenities include a resort-style swimming pool, cabanas, hammocks, private study rooms, a barbecue grilling area and fire pit, fitness center, yoga studio, car charging stations and a parking garage. “We are excited that Celmark Development has entrusted CLS …
Conway, S.C. and Waco, Texas — Campus Life & Style (CLS) has been awarded management of two student housing properties in South Carolina and Texas. Assignments include The Cove at Coastal Carolina, a 396-bed student housing community in Conway; and University Edge, a 236-bed property serving students attending Baylor University in Waco. Both properties are owned by Orion Student Housing, a joint venture between WFI and Willis Cos. “We are proud and excited that our successful partnership has yielded more opportunities,” says Jim Sholders, CEO of CLS. “CLS performs on …
The Oct. 6 webinar “How to Make Data-Driven Decisions in Student Housing,” hosted by Student Housing Business and sponsored by CollegeHouse, focused on the value of data in student housing as well as the best ways to optimize investments and operational efforts in this space. If you’re interested in data collection that is both far-reaching and automated, this webinar will interest you. Hear from industry experts to learn best practices in the data-driven decision-making process. Learn about important metrics and analysis methods, how to approach recurring trends, responses to rates trending up or down and more. Watch the webinar here, and …