Legends at Kingsville is the fourth project we have hired ACH for, and each time they successfully lease the property earlier than expected.
Kingsville, Texas (PRWEB) February 13, 2015
Domus Development, a veteran student housing development company based in Dallas, announced today that its new luxury, off-campus student housing community, Legends at Kingsville, is already at full capacity for the Texas A&M Kingsville 2015-2016 school year. The community was successfully leased up in six short weeks.
Asset Campus Housing (ACH), the largest management and privately held student housing company in the U.S., was hired by Domus Development to lease and manage the property with the hope of an early lease-up. Less than 45 days after opening the leasing office and model, the community was 100 percent leased.
“ACH has done it again and in a record amount of time,” said Eric Jakimier, owner of Domus Development and a student housing industry veteran. “Legends at Kingsville is the fourth project we have hired ACH for, and each time they successfully lease the property earlier than expected. Even with students leaving for winter break, ACH went above and beyond in exceeding our leasing projections for Legends at Kingsville. Not only did Legends at Kingsville fill up fast, but it also outperformed proforma rents and came in under budget, plus we were able to do it all in less than 45 days, a new record we’re proud we achieved.”
Legends at Kingsville, located adjacent to the Texas A&M Kingsville campus, will provide students with a wide range of amenities to create an ideal community for residents to live, study and play when the first phase opens in August. Residents were able to choose from a variety of spacious floor plans including one, two and four-bedroom options. The individual apartments will come fully furnished with modern appliances, ceiling fans, full-size washer and dryer and more.
“Legends at Kingsville is an unique student housing community and we’re thrilled to welcome all of our residents for a great year ahead and we couldn’t be happier with the progress we’ve made in a short period of time,” said Joe Goodwin, senior vice president of marketing for Asset Campus Housing.
Goodwin added that the success for an early lease-up is attributed to the fact that both Domus Development and ACH built great relationships with the University and city early on, Domus was very communicative with ACH throughout the development and leasing process, and that Domus and ACH had solid, hands-on leadership on the ground.
For more information, please visit http://www.LegendsAtKingsville.com.
About Domus Development
Dallas-Based Domus Development specializes in the development of student housing, both university-owned and privately owned communities across the U.S. Domus Development is highly experienced in all aspects of student housing development, from site selection, acquisition, due diligence, design consultant management, lender contract negation, negotiations with governmental agencies, construction management, project turnover and reporting to investors. For more information, please visit http://www.domusdevelopmentllc.com.
About Asset Campus Housing (ACH)
Headquartered in Houston, Texas, Asset Campus Housing, Inc. ("ACH") is an affiliate of Houston-based Asset Plus Companies, a third party property management firm specializing in real estate services for investors, developers, and owners. Asset Campus Housing manages a student housing portfolio of more than 130 properties, exceeding 73,000 beds located throughout the United States. http://www.assetcampus.com