CAMPUS ADVANTAGE ENTERS $150M JOINT VENTURE

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AUSTIN, TEXAS — Austin-based Campus Advantage, a real estate firm offering management, acquisition and development services of student housing communities, has entered a $150 million joint venture with a major public pension plan. The pension firm provides investment services to benefit public employees and state and local governments. In the partnership, Campus Advantage will invest $150 million in student housing properties and will seek out investment opportunities for the pension plan. Campus Advantage currently manages more than 30,000 beds in 50 student housing properties in 20 states.

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