Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
DBS Targets S$1 Trillion Wealth AUM by 2030 Amid Asia Wealth Boom 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
AUSTIN, Texas, Jan. 7, 2016 (GLOBE NEWSWIRE) -- Campus Advantage, a leader in student housing, today announced the acquisition of Eagles Reserve in Auburn, Ala., as the 10th and final acquisition of a joint venture with a major state public pension fund. Upon completion the pension fund partner reinvested an additional $150 million in equity with Campus Advantage.
|
|||||
This brings the total equity raised by Campus Advantage to $475 million in all joint ventures to date. This infusion of equity allows Campus Advantage to continue to grow its portfolio of student housing properties.
"We have more than eight years of experience successfully investing with institutional partners and have acquired more than $650 million in properties in the student housing industry." said Mike Peter, president and CEO of Campus Advantage.
Eagles Reserve has 180 units and 576 beds, is located in a highly regarded Southeastern Conference market and was recently renovated. The community is situated just minutes away from Auburn University and features amenities such as a 24-hour fitness center, complimentary coffee bar and an outdoor fireplace.
"We are excited about the future for Eagles Reserve," said Michael Orsak, senior vice president of investments for Campus Advantage. "This is an asset that provides a strong and stable returns for investors. The property now has new interior units and quality amenities in an existing structure. This allows us to offer attractive rents relative to a number of the newly built student housing properties in the market."
In 2016, Campus Advantage anticipates acquiring 6 additional student housing properties adding to its portfolio of more than 40 properties in 22 states and 35 markets.
About Campus Advantage
Campus Advantage is an Austin-based real estate firm that offers student housing management, development, acquisition and consulting services. The company has been creating successful communities since its founding in 2003. Campus Advantage has invested over $650 million in student housing since 2007 and completed more than 200 consulting engagements. Its proven expertise and time-tested approach has made the company a recognized leader in the student housing industry. For additional information, please visit http://www.campusadv.com.
A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=38370
CONTACT: Rosemary Whaling
[email protected]
512-466-6797
