DALLAS, TX - Lincoln Property Company (LPC), the third largest apartment management firm in the United States, announced today that it has acquired Grand Campus Living (GCL), formerly a student housing division of Phoenix Property Company. The acquisition will expand the company’s current conventional portfolio to include a student housing division.
The acquisition of Grand Campus Living includes the transition of current contracts, management and on-site team members to the Lincoln brand. The Grand Campus Living division will continue to operate as a separate entity, with individual operations, accounting, marketing and training departments, but will benefit from Lincoln’s long-standing industry reputation and relationships.
According to Scott Wilder, Executive Vice President of Residential Management at Lincoln Property Company, “We are excited about the potential growth this acquisition brings to the table. Grand Campus Living is an expert on student housing and we’re confident that their experience and knowledge will help Lincoln successfully merge into a market we’ve yet to explore.”
Grand Campus Living currently provides management services to just over 7,200 beds, approximately 2,900 units, nationwide and provides a full range of property management and consulting services for high-rise, mixed-use and garden style communities. A majority of GCL’s portfolio serves students at some of Texas’ most well-known universities such as Texas A&M in College Station and University of Texas in Austin. Other GCL-managed student housing communities can be found near Florida State University, University of South Florida, Boise State University, Oregon State University, and University of New Hampshire.
Grand Campus Living is the student housing division of Lincoln Property Company and partners with some of the nation’s most prestigious colleges and universities across the country offering individual leases and state-of-the-art amenities that set the standard in student living. The GCL leadership team has been working in the private student housing industry since its inception and offers a full range of property management and consulting services to owners.
Lincoln Property Company was founded in 1965 as a developer and manager of high-quality residential communities. Their national reputation for successful management of their own properties quickly attracted a large client base of owners and investors who recognized the value that they could provide in development, property management and real estate consulting services, so they added third party management to their lines of service. LPC is currently the nation's 3rd largest manager of apartment communities with over 140,000 units under management.
Source: Lincoln Property Company / #Multifamily #Apartments