Place Properties' on-site team assumed day-to-day management responsibilities for the first phase and pre-leasing duties for the second phase. The company has at least 10 developments in various construction stages across the US.
"This management contract is a wonderful addition to the Place Properties management portfolio," says Bob Clark, executive vice president, finance and acquisitions. "This engagement aligns with our strategy to expand our business through the addition of management contracts, property acquisitions and development projects."
Place Properties has developed more than $1.4 billion of student and military housing properties over the past 14 years. It currently manages more than 17,000 beds.
The Summit at Coates Run, at 363 Richland Ave., offers a convenient location to the Ohio University campus with first-class amenities including a resort-style heated swimming pool, fitness center, tanning salon, 24-hour business center and private campus shuttle. Each apartment is fully furnished with wireless Internet access and cable wiring in all bedrooms.
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