AUSTIN, TX - Campus Advantage, a higher education services company, today announced that it was selected to manage 318 Commons, a student housing development near the University of Minnesota, Rochester campus and the Mayo Clinic. The nine-story building will feature apartments and classrooms for University of Minnesota, Rochester students, as well as retail and restaurant space. 318 Commons is being developed by G.H. Holdings, with Campus Advantage providing management services for the complex that is scheduled to open fall of 2011.
"We are enthusiastic about the opportunities and look forward to a long relationship with Rochester and the University," said Mike Peter, president and CEO of Campus Advantage. "Having grown up in Rochester, it's an honor to return to this great city and give something back."
Peter, 45, attended Mayo High School and is a graduate of the University of Minnesota.
"Being the home of the University of Minnesota - Rochester and the Mayo Clinic, we believe Rochester has incredible untapped potential for future development."
Campus Advantage (CA) is an Austin-based real estate firm that offers high education management, development, acquisition and consulting services. The Company currently manages more than 30,000 beds, at 52 locations in 21 states nationwide. Campus Advantage works to create winning partnerships between colleges, universities, investors, developers and owners in an effort to help students achieve their academic and personal goals. Campus Advantage is committed to providing innovative and customized solutions for premier student housing communities.
Source: Campus Advantage