Campus Advantage Celebrates 10 Years as a Leader in the Student Housing Industry
AUSTIN, Texas, Feb. 25, 2013 /PRNewswire/ -- When Campus Advantage opened its doors for the first time on March 3, 2003, Finding Nemo topped the box office, Saddam Hussein still ruled Iraq and work had yet to even begin on what would become the iPhone.
A lot has happened in the 10 years since. The company started with just five employees and one client -- a 571-bed property. It now operates 50 student housing communities across 20 states, employs more than 600 people and manages $1.5 billion in assets. Its more than 12,000 units provide housing to 28,000 students.
Co-founder and CEO Mike Peter said Campus Advantage was founded at a time when many student housing companies were focusing on development and acquisition but neglecting the process of managing the student housing experience. Peter and his business partners started the firm to give student residents a living experience rather than just a roof and four walls. That guiding principle still forms the foundation of the company and its approach to doing business.
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