Campus Apartments Expands Portfolio


Campus Crossings at Star Pass in Tucson is owned and operated by Campus Apartments and caters to students of the University of Arizona and Pima Community College. Campus Apartments recently acquired the management of an additional 928 beds in the Tucson market. Photo credit: Campus Apartments

PHILADELPHIA — Campus Apartments, a privately held student housing company, announced that it has expanded its third-party management portfolio in four markets.

 
The company was recently awarded contracts for new management accounts of 506 beds in Ann Arbor, Mich., 756 beds under development in Tucson, Ariz., 928 beds in Morgantown, W.Va., and 933 beds in Norfolk, Va.
 
Company officials said that with many property owners nationwide seeking to consolidate management services under an experienced operator, third-party management has become one of the fastest-growing lines of the company’s business.
 
“Our long history of being developers, owners, and operators gives us a unique perspective in the industry,” said Miles Orth, executive vice president and chief operating officer of Campus Apartments. “This experience gives our clients great comfort and has allowed us to consistently grow our third-party management portfolio and become a trusted, turnkey property management solution.”
 
Company officials said their advantage over traditional third-party management firms comes from being able to bring an owner’s mentality to all their engagements, as well as being able to enhance a property’s value.
 
The company reported an influx in new management opportunities and has been approached by an increasing number of student housing owners and investors.
 
Campus Apartments has more than $1.5 billion worth of assets under management with more than 30,000 beds in 25 states.