New Management Contract for Peak Campus - The Lex, Lexington, KY

May 15, 2012

Atlanta, GA – Peak Campus Management announced today that it has been awarded a new management assignment for The Lex, a 649-bed, premier student housing community, serving the students of the University of Kentucky in Lexington, Kentucky.

“I am thrilled with the addition of this outstanding project to our portfolio.  The asset quality, and positioning in the market fit perfectly within our strategic growth plan,” said Bob Clark, President of Peak Campus Management. “We are excited to assume responsibilities for the marketing, leasing and day to day operations for this asset. We believe that our management platform will ensure that The Lex becomes ‘the place to live’ at the University of Kentucky.”

Completed in May 2010, The Lex is a mixed-use student housing community containing 266 units (649 beds) and 23,445 rentable square feet of retail space.  The property is ideally located adjacent to the University of Kentucky and in close proximity to downtown Lexington.  Amenities include a pool, fitness center, theater, copy center, study areas and other attractions. The property provides housing for students in a mix of studio, two, three and four bedroom units.  Every unit includes a separate bathroom paired with each bedroom

Peak Campus Management is an institutional-grade, student housing property management company based in Atlanta, GA. Our seasoned professionals offer a demonstrated ability to execute on the goals and long-term investment strategies of our clients and partners.  Peak Campus currently manages over 21,000 beds with a combined value in excess of $1 billion for owners and investors in college markets spanning from North Carolina to California.