PEAK CAMPUS AWARDED MANAGEMENT OF HISTORIC RENOVATION IN NEW YORK CITY

Mar 31, 2017

ATLANTA, GA (March 31, 2017) – Peak Campus, one of the nation’s leading student housing operators, announced today that it was awarded and has assumed management of The Alabama owned by Collegium Capital.  The Alabama is a 94-unit, boutique student community that will serve the students of lower Manhattan, including Cardozo Law School, New School, and New York University.  The historic building, originally constructed in 1903, is undergoing a $13-million-dollar renovation scheduled for completion in summer 2017. 

The sophisticated community is situated in the heart of one of the most notable neighborhoods in the country- Greenwich Village in New York City.  The Alabama offers fully-furnished studio-, one-, two, and three-bedroom apartments and is steps away from multiple universities, the serenity of Washington Square Park, abundant dining and nightlife options, designer shopping, and is conveniently located within walking distance to West 4th and Union Square Metro Stations.

The 175-bed property offers an all-inclusive lifestyle with sophisticated apartment features including a variety of unique floorplans, ample natural light, hardwood-style flooring, modern furniture packages, private bedrooms and bathrooms, and designer kitchens with stainless steel appliances. The Alabama’s chic renovation offers enhancements to student-friendly amenities including private study rooms with printers, onsite coffee bar, enhanced common areas, fitness center, courtyard and on-site laundry facilities. 

“The Alabama is beaming with character and is the perfect introduction to such a rich and vibrant market in New York City,” said Casey Petersen, Chief Operating Officer. “Our partners at Collegium could not have picked a more interesting, well-located and thoughtful renovation project.  The Alabama and Peak’s management platform will address a growing need for modern student housing in the Greenwich neighborhood.” 

The leasing office is located at 15 East 11th Street, New York, NY.  For leasing information, visit www.TheAlabamaNYC.com.

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 over 52,000 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.