AUSTIN, TX – Aspen Heights Partners, developer and manager of a diverse portfolio of real estate across the U.S., 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.