Hazelton, PA, February 19, 2014 --(PR.com
)-- Campus Evolution Villages, LLC, a subsidiary of Lauderhill Partners, LLC, announces today that it has been retained to manage 148 beds at two student-housing assets serving students at Penn State University in Hazleton, PA.
Campus Evolution Villages was selected as manager by a subsidiary of Oritani Bank based in Washington Township, NJ, which owns both properties. The properties, known as Solaro, are in very close proximity to the Penn State campus in Hazleton and provide housing for the Penn State student population.
Campus Evolution Villages was recently named a top 20 owner/manager in the prestigious Student Housing Business annual survey. Over the past 12 months the company has closed on 13 assets with a market value of over $200 million and the company now owns and manages 20 student housing assets with over 8,500 beds serving 19 distinct universities across the country.
"Campus Evolution Villages is excited to be hired by Oritani Bank and to bring our unique campus –centric focus to Solaro and the students of Penn State. We will be introducing many great programs that will make these properties the place to live in Hazleton while creating long-lasting value for our client,” says Robin Rains, Managing Director, Business Development & Asset Management for Campus Evolution Villages.
Adds Kyle Burkett, Vice President - Third Party Services for Campus Evolution Villages, “Our approach to managing student housing is tailored to each specific property and the university community it is a part of with a focus on our student demographic. We look forward to working with the administration of Penn State to make Solaro an integral part of the Hazleton campus community.”
About Campus Evolution Villages, LLC
Campus Evolution Villages (www.cevillages.com) is a thought leader and change agent setting a new standard in student living. Campus Evolution Villages owns and manages a diverse portfolio of student housing assets across the U.S. It’s a lifestyle built to support the student experience both in and out of the classroom. It is where students study hard and Live Big.
About Campus Evolution, LLC
Campus Evolution is a campus-centric company with a singular focus on delivering an array of needed, useful, sophisticated products, services and platforms to our highly sought after student demographic.
About Lauderhill Partners, LLC
Lauderhill Partners is a diversified merchant banking firm with a focus on sourcing and managing investments in best in class management teams and operating companies in fragmented, out of favor and distressed sectors. Lauderhill is the sponsor / owner of Campus Evolution, a campus-centric company with a singular focus on delivering an array of needed, useful, sophisticated products and platforms to students; and Campus Evolution Villages, a company focused on the acquisition and management of student housing assets across the country.