CAMPUS ADVANTAGE ADDS TEXAS PROPERTY TO ITS MANAGEMENT PORTFOLIO

Austin, Texas, July 19, 2017 -- Campus Advantage®, a leader in student housing, providing property management, consulting, acquisitions, and development services, today announced it has assumed management of 488 beds at The Reserve at West Avenue, located near Texas State University in San Marcos, Texas. This brings the Company’s portfolio of owned and managed properties to 3,164 beds in the first half of 2017.

“After assessing the property, our consulting and operations teams agree partnering with a strong student housing operator will not only help further enhance The Reserve at West Avenue’s already-established positive reputation in the market but also provide a successful turn and move-in experience for students,” said Pam West, Vice President of Operations at Campus Advantage. “We are excited and ready to make an impact and bring our proven student housing management experience, as well as Catalyst’s branding expertise, to this community.”

Under Campus Advantage management, The Reserve will benefit from a fresh set of eyes and new programs that deliver a student-focused experience that inspires and equips residents to thrive in all areas of life. This includes Campus Advantage’s highly sought after Students First® program which is designed to ensure that students who choose to live at Campus Advantage communities have more opportunities to achieve success both now and in the future.

Campus Advantage has also partnered with Catalyst, an Austin-based agency specializing in creative marketing for student and multifamily housing, to perform a rebrand of the property, including a new name, logo, website, and marketing materials.

Student housing property owners continue to seek out Campus Advantage as their third party manager of choice because of the Company’s proven expertise in student housing management and time-tested approach. Campus Advantage’s dedication to creating rewarding living and learning experiences for students, combined with an integrated marketing approach, results in a nearly 97% occupancy rate, industry-leading resident renewal rates, and low maintenance costs thanks to satisfied residents. By maintaining and operating each property to the highest standard, Campus Advantage creates an environment that residents love, resulting in maximum occupancy and returning resident ratios.

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. Its proven expertise and time-tested approach creates better student living experiences, which in turn creates financial success. For additional information, please visit www.campusadv.com.

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/34652d87-8a50-4bed-92dd-5c5155313da5

Lisa Koetz
Bloom Communications
503.805.6538
[email protected]