Campus Apartments Opens Four Student Housing Communities in Tennessee, Michigan, Pennsylvania
PHILADELPHIA — Campus Apartments, a student housing developer and operator based in Philadelphia, has opened four student housing developments totaling 1,643 beds. Development costs for the projects, which are within walking distance to University of Tennessee, University of Michigan and University of Pennsylvania, totaled over $220 million.
“We’re excited to be providing students with high-quality housing in Knoxville, Ann Arbor, and our hometown, Philadelphia,” says Daniel Bernstein, president and chief investment officer of Campus Apartments. “We’ve been thrilled with the initial response to these four new developments, and we look forward to continuing to surpass our residents’ expectations.”
The new properties include TENN, a 603-bed, mixed-use community located near the University of Tennessee in Knoxville; The Yard, a 590-bed, mixed-use community located near the University of Michigan in Ann Arbor; Six11, a 350-bed student housing community also located in Ann Arbor; and The Simon at Founders Row located near the University of Pennsylvania in Philadelphia.
TENN in Knoxville offers a mix of three-, four- and five-bedroom, fully furnished units. Shared amenities include a two-story clubhouse, fitness center, study lounge, putting green, resort-style swimming pool, fire pits and grill stations.
The Yard in Ann Arbor offers studio, one-, two-, three-, four- and five-bedroom, fully furnished units. Community amenities include a gaming lounge, ground-floor retail, a heated swimming pool, clubhouse, fitness center and group study rooms with video monitors.
Six11 in Ann Arbor offers fully furnished units with bed-to-bath parity alongside ground-floor retail and penthouse-level amenities.
The Simon at Founders Row in Philadelphia features 23 fully furnished units with keyless entry, and shared amenities including a high-end fitness center. The Simon is Campus Apartments’ first ground-up development in the Philadelphia area.
Founded in 1958, Campus Apartments is a real estate company that acquires, develops and operates student housing and “millennial-oriented” multifamily throughout the United States. The company currently has more than $2 billion in assets under management, including garden-style, mid-rise and high-rise assets, as well as mixed-use and urban housing.
— John Nelson and Katie Sloan