Stark Enterprises and Austin, Texas-based Campus Advantage announced the acquisition of Campus View Place and Lyons Corner — two student housing properties located near the University of Florida in Gainesville, Florida.
This is the third joint project between Campus Advantage and Stark Enterprises, which is headquartered in Cleveland. The companies are currently co-developing Liv+ Gainesville, another student housing complex located near the University of Florida. Stark Enterprises developed and owns, while Campus Advantage manages, Liv+ Arlington, which opened in fall 2018 in Arlington, Texas. As co-owners of Campus View Place and Lyons Corner, Campus Advantage will oversee property management and Stark Enterprises will provide asset management services on behalf of their private investors.
“We are, once again, thrilled to be partnering with Stark Enterprises and expanding our presence in the Gainesville community,” Campus Advantage President and CEO Mike Peter said in a statement. “Our strategy is to employ Campus Advantage’s national operations and marketing platform expertise in connection with an active revenue management program, and we look forward to creating an environment that exceeds residents’, and this community’s, expectations.”
Stark Enterprises COO Ezra Stark added: “We are excited to embark on another venture with our longtime partners, Campus Advantage, continuing to improve the student housing sector toward more modern, functional student spaces. At Stark Enterprises, we were built on the foundation of providing positive experiences for our residents and visitors, and together with Campus Advantage we are able to do that to a wider audience at University of Florida.”