Company Overview
Campus Village
Communities is a Michigan-based multiple-family and mixed-use
student housing developer. Campus Village has historically been
focused on student housing projects near larger state college
campuses throughout the Midwest and has recently expanded its
geographical reach to include current and future projects in Texas
and other southern states.
History
Campus Village
acquired its first apartment property in 1979 in Bloomington, IL.
Its first student property was acquired at Illinois State
University in Normal, IL in 1984. In 1997 Campus Village initiated
its first construction project, a 98-bed community located on the
Mansfield campus of The Ohio State University. Campus Village has
flourished since that time acquiring and developing more than forty
projects totaling approximately 2,213 units and over 4,711 beds
under the Campus Village Brand.
Current Status
Campus Village
currently owns, operates, or has under construction over 2,600
bedrooms at five universities with an estimated gross annual income
of $15,685,000 and a market value of approximately $112,000,000.
The Campus Village Corporate portfolio currently includes holdings
in Michigan and Texas.
Property Development
Campus Village
develops and builds its new apartment communities through a related
entity, Campus Village Development Company (CV Development). CV
Development manages the entire site selection, entitlement,
development, construction and project financing process for all new
communities. It works with qualified local subcontractors in
designing and constructing its projects.
Property Management
Campus Village
has developed extensive systems for successful operations
management of its communities. These management tools create a
value-driven environment for both residents and investors, with the
understanding that overall customer satisfaction leads to an
increased ROI for the property. The Property Management division is
responsible for marketing and leasing of the communities, meeting
residents individual and technological needs, while maintaining the
value of the asset.