Greystar’s student living team was engaged to complete the due diligence on the asset several weeks prior to the close and sale to M&A Real Estate Partners out of Los Angeles, CA. This is the fourth student-housing acquisition by M&A Real Estate Partners and Greystar Student Living is proud to have assisted with the acquisition.

Please visit www.campusparkuc.com to discover Cincinnati’s premier off-campus student housing community.

To learn more about M&A Real Estate Partners, please visit http://www.manda-partners.com/.

April 19, 2012:  The University Apartments at Ettrick clubhouse has been renamed L. J. Saunders Center in memory of Larry J. Saunders (Nov. 17, 1950 – Jul. 11, 2011).  Larry J. Saunders, late husband of Delores E. Archer and late father or Barry W. Moore, graduated from Virginia State University (VSU) with a BS degree in Accounting in 1974.

 After working for Peat Marwick and Mitchell, Mr. Saunders entered a partnership with Williams White and opened a Certified Public Accounting (CPA) firm, Saunders and White in Roanoke, VA, in 1980.  Later, he established another CPA practice, Larry Saunders and Associates CPA, LLC in Richmond, VA and became a leader in minority CPA firms in Richmond and the state.

 Mr. Saunders successfully compiled auditable financial statements for the Virginia State University Foundation (VSUF) after a failed attempt by one of the big eight Accounting firms. Mr. Saunders rendered ten years of service as member of the Virginia State University Foundation Board, and six years as its President, and was an avid supporter of VSU regularly sponsoring and participating in VSU’s Annual Golf Classic as well as supporting activities sponsored by the Virginia State University Alumni Association.  While on the Board and as President, Mr. Saunders was instrumental in the planning and subsequent construction of the University Apartments at Ettrick, a first-rate housing community serving 500 VSU students.

 Mr. Saunders provided pro bono financial services to VSUREF after resigning from the Board and was a dedicated and committed Alumnus that was always eager to serve.  He inspired others to aim high and work hard to improve life for VSU students, its faculty and staff.  It is fitting and proper that the VSUREF Board recognized posthumously his many contributions to VSUREF and dedicated the clubhouse in his honor.

Jennifer Roden – Sr. Regional Manager aboard the private jet with Mr. and Mrs. Harold L. Tomlinson – Mr. Tomlinson is the Chairman and President of Parkland Development Corporation.

Please join me in welcoming the newest addition to the student living team, Kelli Chapman.  Kelli began her real estate management career over 12 years ago, and worked her way up the ladder with companies such as Dinerstein, Campus Advantage, Evergreen, and most recently Peak Campus Management where she oversaw approximately 3,2000 beds.  Today, our platform is growing, so we’re excited Kelli has decided to join our team in the capacity of Regional Property Manager, and we look forward to the additional knowledge and experience she’ll bring to the table.  Once integrated into our system and processes, Kelli will assume responsibility for managed assets in Illinois and Kansas, as well as assist on special projects.  Our goal is to be the premier student housing operator in the nation, and Kelli will play an integral role as we charge forward. 

Welcome Kelli!

What Differentiates Management Firms Also in Focus

Ted Rollins of Campus Crest, Brian Thompson of Harrison Street, Peter Katz of Institutional Property Advisors, Donna Preiss of The Preiss Company, Rob Bronstein of The Scion Group and Julie Bonnin of Asset Campus Housing will discuss “The State of the Student Housing Industry Heading into the 2012-2012 Academic and Leasing Season” in the opening panel discussion at InterFace Student Housing, taking place April 3-5 in Austin.

InterFace Student Housing is the one industry event that offers education on, and brings together industry leaders, from both the investment, development, finance and management, operations, leasing sides of the business.

Management will be in focus on Wednesday morning the 4th when Kim Barkwell of Ambling Student Housing, Sean O’Brien of Woodlark, Michelle Fuller of Greystar, Bob Clark of Peak Campus Management, David Neef of Innovative Student Housing and John Marti of Student Housing Solutions discuss “What to Look for in a Management Company and What the Best Firms Do to Differentiate their Service, and Results, for Their Clients and Properties”.

2012 NMHC 50 Goes Live!
Annual ranking of top apartment firms now available

Through 2011, the apartment industry continued to distance itself from the more trying days of the Great Recession as more people became renters, bringing renters’ share of all households to the highest level in almost 14 years.

Top apartment owners and management firms pursued a number of financial, management and operational strategies during the year to capitalize on the surge in the rental market and position their companies for longer-term success. The result was the Top 50 owners and Top 50 managers each grew their collective portfolios by more than 60,000 apartment units in 2011.

Other noteworthy developments from the 2012 NMHC 50 rankings included:

• Stability reigned at the top. Most of the Top 10 players remaining largely unchanged from last year. Boston Capital retained the top spot on the NMHC 50 owners list with 157,423 units for the third year in a row, and marked its 21st year in the top 10. Greystar Real Estate Partners, LLC was the largest apartment manager in 2011 for the second year in a row with 192,711 units.
   
• Growth was a priority. Many top firms accelerated new development activities while others pursued acquisitions. The Top 50 owners and Top 50 managers groups each grew their collective portfolios by more than 60,000 apartment units in 2011 to 3 million and 2.8 million units in total, respectively. The 2.8 million units managed is the highest on record for the NMHC 50.
   
• Industry remains highly fragmented. Even with the growth recorded by the NMHC 50, the owners control just 17% of the national apartment stock and the managers oversee 15.8%.
   
• Eight new companies joined the ranks. TIAA-CREF, Holiday Retirement Corp./Colson & Colson and Heitman LLC debuted on the top owners list while Apartment Management Consultants, Hunt Companies, Inc., Harbor Group International and Orion Real Estate Services all made their first appearance on the top managers list. Weidner Apartment Homes broke onto both lists.
   

For the complete rankings, an analysis of the data and additional articles on apartment market trends, please go to www.nmhc.org/goto/2012NMHC50.

NMHC thanks its partner, Kingsley Associates, a leading real estate research and consulting firm, for its help conducting the NMHC 50 research and analysis.

Greystar Student Living has been selected to manage Naismith Hall, a 503-bed private residence hall in Lawrence, Kansas.  Primarily serving first-year students attending the University of Kansas, Naismith Hall offers students all-inclusive accommodations, including a full-service dining facility.  Built in 1965 on land adjacent to the university, Naismith Hall has remained the first-choice of students for over 40-years due to its convenient location, spacious accommodations, great cuisine and service.  Naismith Hall enables a successful and enjoyable first-year experience!

Naismith Hall offers unparalleled amenities, including a business center, study/meeting rooms, movie theatre, game room, swimming pool, tanning bed, remotely monitored clothes care center, convenience store, tanning bed, and 24/7 monitored access.  Residents also enjoy free hi-speed internet and cable, along with wireless access in the common areas and study rooms.  Weekly housekeeping services are included in the rent, as are unlimited meals.  All this, combined with the largest fully-furnished private and semi-private suites serving the campus community make Naismith Hall an unmatched experience.

“We’re thrilled to have been selected as the managers of this landmark building which has been serving the Jayhawk community for over 40 years,” said Luca Finocchiaro, Director of Real Estate for Greystar Student Living.  “It’s a place that anyone who has attended KU knows, and imagine…after all these years, one of our greatest sources for referrals are parents who once enjoyed their first year of college in this same building.  This is unique and something our experienced operating team will work hard to preserve.”

The University of Kansas
For information on the University of Kansas, please visit http://www.ku.edu/.

Greystar Student Living
Greystar Student Living, based in Dallas, is the national student housing platform of Greystar, the largest full-service multifamily real estate company in the United States.  Focused entirely on the unique housing needs of students and their families in higher education and university markets, Greystar acknowledges the core academic, social and developmental needs of its residents and is committed to a market-driven, customer-focused management strategy.  Greystar provides a

variety of customized pre-development, stabilized, and for-sale asset and property management services to institutional and private and public investors alike.  Greystar Student Living manages over 14,000 beds nationwide.  For additional information please visit www.greystarstudentliving.com.

Sr. Director of Real Estate Michelle Fuller and Regional Manager Mark Schliep were recently asked by Owners -Henderson Global Investors to be presenters at their 2012 Annual Property Summit.  The Summit took place in Chicago, IL at The Omni Hotel on February 22-23, 2012. 

Greystar Student Living currently manages The Element – 792 beds located in Sacramento, CA. 

Since Greystar took over management of The Element, the asset significantly improved overall operations and closed 2011 as the highest occupied asset in the market.  Regional Manager -Mark Schliep reported the community reached 96% occupancy by Fall 2011.

Forum At Denton Station has been selected for the 2011 Best of Denton Award in the Apartment & Rental Apartment Operators category by the U.S. Commerce Association (USCA).

The USCA “Best of Local Business” Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.

“We are pleased to receive this award from the U.S Commerce Association,” said Harold Tomlinson, Chairman of Parkland Development Corporation. “We strive to offer an unbeatable experience and service for our residence.”

The Forum Living Lifestyle was created by Parkland Development Corporation to meet the needs and expectations of student life. Parkland Development Corporation has three student living communities that are managed by Greystar.

Forum at Denton Station was developed by Parkland in 2009. The community has been recognized by Student Housing Business Magazine with the “Best Innovator Award for Garden Style Apartments.” The community is located in Denton, Texas less than 1.5 miles south of the University of North Texas and Texas Women’s University. The Forum at Denton Station is the largest luxury student community in Denton, Texas with 1044 beds. Students can enjoy fully furnished one, two, three, and four-bedroom floor plans with extraordinary unit amenities, such as 42” HD TV’s in all living rooms. The community recently upgraded its fitness center with state-of- the-art equipment and added an indoor volleyball court for residents. To learn more about Forum At Denton Station, visit www.ForumDenton.com.

Parkland Development Corporation
Parkland Development Corporation (PDC) is a full service Real Estate Development Company with over forty years of experience in developing and managing quality successful communities throughout the southern United States. Since the formation of PDC in 1989, PDC has sold and/or developed in excess of $1 billion in apartments, condominiums and single family residences. PDC has established itself as a well-respected member of the real estate community. PDC has outstanding relationships with its residents, lenders, contractors and government entities. PDC has most recently developed portfolio communities throughout Florida and Texas and is currently expanding throughout the Southern United States. For additional information and related websites visit www.parklandcorp.com, www.forumliving.com, www.forumdenton.com, www.forumsamhouston.com and www.forumstatesboro.com.

Greystar Student Living
Greystar Student Living, based in Dallas, is the national student housing platform of Greystar, the largest full-service multifamily real estate company in the United States. Focused entirely on the unique housing needs of students and their families in higher education and university markets, Greystar acknowledges the core academic, social and developmental needs of its residents and is committed to a market-driven, customer-focused management strategy. Greystar provides a variety of customized pre-development, stabilized, and for-sale asset and property management services to institutional, private and public investors alike. Greystar Student Living manages over 14,000 beds nationwide. For additional information and related websites visit www.greystarstudentliving.com.

In celebration of the opening of Statesboro’s premier student living community, Forum at Statesboro Apartments is holding a grand opening event that will take place on February 7, 2012 from 2:00pm to 6:00pm. Forum at Statesboro Apartments is located at 831 South Main Street in Statesboro, GA.

 “We’re pleased to welcome new residents to Forum at Statesboro Apartments,” said Harold Tomlinson, Chairman of Parkland Development Corporation. “I would like to personally invite the surrounding community to stop by our grand opening to enjoy a southern barbeque with live music, refreshments, tours and prizes.”

The Forum Living Lifestyle was created by Parkland Development Corporation to meet the needs and expectations of student life. Parkland Development Corporation has three student living communities that are managed by Greystar.

 Forum at Statesboro is a 780 bed luxury community that offers the latest in apartment living for students at Georgia Southern University. Students can select from one, two, three, and four-bedroom floor plans as well as deluxe efficiency units. In addition, the community offers a gymnasium complete with an indoor basketball and volleyball court with courtside seating, high tech modular flooring for sports and fitness related activities such as yoga and aerobics.  To learn more about Forum at Statesboro Apartments, visit www.ForumStatesboro.com.

Parkland Development Corporation

Parkland Development Corporation (PDC) is a full service Real Estate Development Company with over forty years of experience in developing and managing quality successful communities throughout the southern United States. Since the formation of PDC in 1989, PDC has sold and/or developed in excess of $1 billion in apartments, condominiums and single family residences.

Parkland Development Corporation has established itself as a well-respected member of the real estate community. PDC has outstanding relationships with its residents, lenders, contractors and government entities. PDC has most recently developed portfolio communities throughout Florida and Texas and is currently expanding throughout the Southern United States. For additional information and related websites visit www.parklandcorp.com, www.forumliving.com, www.forumdenton.com, www.forumsamhouston.com and www.forumstatesboro.com.

 Greystar Student Living

Greystar Student Living, based in Dallas, is the national student housing platform of Greystar, the largest full-service multifamily real estate company in the United States. Focused entirely on the unique housing needs of students and their families in higher education and university markets, Greystar acknowledges the core academic, social and developmental needs of its residents and is committed to a market-driven, customer-focused management strategy. Greystar provides a variety of customized pre-development, stabilized, and for-sale asset and property management services to institutional and private and public investors alike. Greystar Student Living manages over 14,000 beds nationwide. For additional information and related websites visit www.greystarstudentliving.com.