AUSTIN, Texas--(BUSINESS WIRE)--Aspen Heights Partners, developer and manager of a diverse portfolio of real estate across the U.S., has announced its acquisition of Lincoln Property Company’s student housing division, Grand Campus Living (GCL). Aspen Heights Partners will take on property management of more than 3,000 beds across the U.S.
“This acquisition is a testament to Aspen Heights’ continued commitment to expanding our business platform,” said Sid Keswani, Chief Operating Officer for Aspen Heights Partners. “With this acquisition, we are excited to grow our third party property management footprint and expertise, and we will continue to provide best-in-class care to the students living in these properties.”
Since 2010, Grand Campus Living has been involved in the management and development of student housing. “We’re confident Aspen Heights will continue to show students and clients the highest level of service and dedication. Their reputation within the student-housing industry assures us GCL will continue to provide these students with a strong sense of community and convenient lifestyle,” said Scott Wilder, Executive Vice President of Residential Management for Lincoln Property Company.
The properties include both on and off campus assets across the U.S., including Pennsylvania, Ohio and Oklahoma with a majority of the properties in Texas and Florida. Demi Sterling-Kinney, Vice President of Operations for Aspen Heights Partners, will be overseeing the third-party property management division, effective June 8, 2017.
About Aspen Heights Partners
Aspen Heights Partners develops and manages a diverse, nationwide portfolio of real estate assets, and is deeply committed to each of its partnering communities. Since its founding in 2006, Aspen Heights Partners has developed and managed more than 30 purpose-built student housing, conventional multifamily, and assisted living properties, with a robust pipeline of future projects in each of those focus segments. As the company’s growth continues, so too will its commitment to pushing the bar for innovation and excellence in real estate development and management. Visit the company’s website at www.ahpliving.com to learn more.
About Lincoln Property Company
Lincoln Property Company is the second largest multifamily manager in the United States. Since 1965, they’ve been building, operating, and overseeing leading residential communities across the globe. They have their hands in all aspects of real estate, from residential, to commercial, build-to-suit, office, hotel, military housing, student housing, industrial, and other mixed-use assets. Grand Campus Living, the previous student housing division of Lincoln Property Company, partners with some of the nation's most prestigious colleges and universities across the country offering individual leases and state-of-the-art amenities that set the standard in student living.