Campus Pointe Adds 198 Units, 630 Beds to Company’s Property Portfolio
AUSTIN, Texas – Oct. 21, 2013 – Campus Advantage, a leading student housing company, is bringing its award-winning residence life programs and services to the students of Kent State University as it makes its first venture into the university’s student housing market with the acquisition of Campus Pointe.
Campus Pointe is a half-mile from the Kent State campus and includes 198 units and 630 beds in two-, three- and four-bedroom floor plans.
The property is 99 percent occupied, benefitting from a record university enrollment that has left on campus housing beyond capacity and some students being housed in temporary rooms upon move in.
Campus Pointe units feature private bathrooms for each bed, built-in desks in the bedrooms, full-sized washer/dryer and full kitchens. The property’s amenities include a heated swimming pool with outdoor grill, basketball and sand volleyball courts, a 24-hour fitness center, computer room, media lounge, game room and tanning bed.
“Kent State University is one of the largest universities in Ohio, and it has added more students than any other school in the Great Lakes Region in the last five years,” said Michael Orsak, senior vice president of investments for Campus Advantage. “That makes it a solid investment opportunity for us and the clients we serve.”
Campus Advantage operates 52 student housing communities across 19 states with a total bed count of more than 27,000.
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About Campus Advantage
Campus Advantage is an Austin-based real estate firm that offers student housing management, development, acquisition, and consulting services. The company works to create winning partnerships between colleges, universities, investors, developers and owners in an effort to help students achieve their academic and personal goals. For additional information, please visit http://www.campusadv.com.
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