PEAK CAMPUS AWARDED MANAGEMENT OF 1,200 BEDS AT CENTRAL MICHIGAN UNIVERSITY AND THE UNIVERSITY OF MI
Feb 19, 2018
ATLANTA, GA (February 19, 2018) – Peak Campus, one of the nation’s leading student housing operators and developers announced today that it was awarded and assumed management of Campus View in Columbia, MO and University Meadows in Mt. Pleasant, MI. The properties are owned in joint ventures between Lutz Real Estate Investments LLC and Harrison Street Real Estate Capital.
Built in 1989, Campus View is a 656-bed/172-unit, mid-rise community that serves the University of Missouri. The property is located just minutes from the Mizzou campus and offers a private shuttle bus to the university. The project consists of two and four-bedroom apartments. All floor plans are fully-furnished with balcony views, as well as private bedrooms. Each unit is equipped with its own washer and dryer. The property offers an amenity package that includes a 24-hour fitness center, interactive game lounge, basketball court, computer center with printing, tennis courts, sand volleyball courts, resort-style pool, and 24/7 on-site office and maintenance staff. In addition, the property offers complimentary Starbucks coffee and stand-up tanning facilities.
Built in 1999, University Meadows is a 616-bed/184-unit, garden-style community that serves Central Michigan University. The property is located less than a mile from campus and is along the ICTC bus route. The project consists of three and four-bedroom apartments with the availability of furnished or unfurnished units, as well as balcony views in every apartment. Each unit is equipped with its own washer and dryer. The central location of the property allows residents to walk to campus, Kelly Shorts Stadium, and the SAC. The robust amenity package includes a 24-hour fitness center, basketball court, indoor bike storage, bar-b-que grills, complimentary tanning facilities, resort-style pool with a large volleyball court, and 24/7 on-site office and maintenance staff.
“We are excited to welcome Peak Campus as another one of our key management partners. Over the years, we’ve built a strong relationship with their executive team, and it’s exciting to be working together. They have a proven record of success, depth of experience and dedication to excellence, which is crucial in the Mt. Pleasant, MI and Columbia, MO markets. We look forward to seeing them succeed for us at these properties,” said Adam M. Lutz, CEO of Lutz Real Estate Investments LLC.
“Peak is thrilled to welcome the teams at both Campus View and University Meadows to our portfolio,” said Casey Petersen, Chief Operating Officer of Peak Campus. “We look forward to bringing the Peak standard of service to the students and parents of Mizzou and Central Michigan University.”
ABOUT PEAK CAMPUS
Peak Campus, operating through a group of affiliated companies, is an institutional-grade property management and development company based in Atlanta, Georgia focused exclusively on the student housing industry. The companies' experienced professionals offer an unmatched ability to execute on strategies consistent with the goals and long-term investment strategies of its partners. The Companies’ have developed over 15,000 beds of purpose-built student housing, and currently manage approximately 48,000 beds with a combined valuation of more than $3.0 billion for investors nationwide, making them the second largest private operator in the United States. For more information about Peak Campus and its affiliates' full array of real estate solutions, please visit www.PeakCampus.com.