New Management Contract for Peak Campus Management Increases Managed Portfolio Value Over $1 Billion
Feb 28, 2012
Atlanta, GA – Peak Campus Management announced today that it has executed a new management contract for Bayside Village, a 402-bed student housing community serving the students of the University of Southern Maine, in Portland, Maine. This contract is a significant milestone for Peak Campus Management, as it pushes their managed portfolio asset value to over $1 billion.
Bob Clark, President of Peak Campus Management said, “Being purpose-built with a great location to campus and amenity package, Bayside Village is a wonderful addition to our portfolio. This addition has enabled Peak Campus to pass yet another milestone by increasing our managed portfolio value to over $1 billion. We are excited that our proven platform focused on people, marketing and leasing, and world class operations is successful, and is being well received by our partners and owners.”
Built in 2008, Bayside Village offers a unique living experience for students by offering 2 bedroom, 2 bath and 4 bedroom, 2 bath fully-furnished floor plans with community amenities that include study lounges, a tanning bed and laundry center. Capital upgrades planned cover the build out of a club room with activity space, a leasing center, computer lab and a large conference/group study room.
Peak Campus Management is one of the country’s largest and most successful management companies in the country with over 19,800 beds of student housing in 17 states nationwide. Peak Campus managed communities are consistently recognized by their college or university as the top off-campus housing choice for the market.