AUSTIN, Tex.--Campus Advantage, an Austin-basedreal estate firm that offers student housing management,development, acquisition and consulting services, is settingcompany-wide records for retaining its tenants.

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Recently, the business achieved a 47 percent returning residentratio portfolio-wide, and a 96.4 percent occupancy rate among theCampus Advantage-controlled housing portfolio for the 2014/2015school year, while delivering an average effective rental increaseof 2.9 percent.

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The company's student housing portfolio resident returning ratioand occupancy rates have climbed in recent years and have exceededthose seen last year.

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"Each year we continue to not only meet but surpass our ownresident retention goals," says Mike Peter,president and CEO of Campus Advantage. "Due to the financial impacta renewal has, we have placed great emphasis on our residents'experiences through the Students First program andour innovative marketing strategies."

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Campus Advantage has a strong commitment to its residence lifeprogram, as well as customer-focused processes and efficientsystems, he said.

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Recent successes achieved by Campus Advantage on behalf of itsinvestment partners and clients include:

  • Campus Advantage increased netoperating income (NOI) by 21 percent for its portfolio withHeitman LLC and grew revenue by 13 percent whilecompleting $15.4 million in capital improvementprojects.
  • Properties in a third-partyinvestment portfolio saw occupancy increase from 55 percent to 95percent year over year and revenue increased 46 percent during thatsame period.
  • As part of another third-partyportfolio, Campus Advantage fully rebranded four propertiesconsisting of 3,900 beds and realized a portfolio occupancy of 95percent in the year following the transition.

"We are constantly looking for ways to make our operations moreefficient," chief operating officer Scott Duckettsaid. "This allows us to not only better serve our residents butalso keep close tabs on our operating expenses so that we candeliver a significant ROI to our clients."

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