COCM Expands Portfolio with Addition of Lafayette College

COCM Expands Portfolio with Addition of Lafayette College

Selected to serve as manager of the McCartney Street Project, a new Public-Private-Partnership

BIRMINGHAM, ALABAMA (PRWEB) MAY 24, 2019

Capstone On-Campus Management (“COCM”) is pleased to announce its recent selection to serve as manager of the McCartney Street Project, a new Public-Private-Partnership (“P3”) development consisting of a 165-bed on-campus student housing community for students of Lafayette College in Easton, Pennsylvania.

This selection is the result of a larger partnership between Lafayette College, Radnor Property Group (“Radnor”), and Harrison Street to build a P3 mixed-use residential community to help achieve Lafayette’s strategic institutional goals.

Located on McCartney Street, between March and High Streets, the new residential community will offer a combination of 3- and 4-bedroom suites with kitchenettes and 2-bedroom semi-suites, all with in-unit private or semi-private bathrooms along with amenities including lounges, study rooms and outdoor spaces. The community also includes retail space, a full-service diner, an expanded college and community bookstore and patio seating on the street level. The new community is scheduled for completion in fall 2020.

David Yeager, Managing Partner and Founder of Radnor, said “Radnor is thrilled to advance our relationship with Lafayette with our second partnership together to address growing campus needs.  Together with COCM and Harrison Street our goal is to cultivate long term relationships from ground breaking through operations with highly regarded institutions of learning like Lafayette.”

Radnor and Harrison Street have engaged COCM to manage the new McCartney Street Project under a Shared Governance arrangement with Lafayette College.  Shared governance is a collaborative approach to sharing roles and responsibilities that COCM introduced many years ago, and which has since become an industry standard.

Alton Irwin, Chief Marketing Officer for COCM, said, “McCartney Street Project is COCM’s second P3 student housing project with Radnor and our sixth with Harrison Street.  We appreciate the trust both they and the College have placed in COCM and look forward to our mutual success in serving the Lafayette students.”

– – – – – – – – –

About COCM

COCM is a company of talented student housing professionals focused on providing management and consulting services for on-campus housing communities. Their student housing professionals focus on helping their partners leverage campus housing to do greater things: recruit and retain students as well as enhance student success and satisfaction.  Based in Birmingham, AL, they were recently recognized as the leading provider of on-campus, third-party management services by Student Housing Business magazine. The Lafayette partnership increases COCM’s current portfolio to reflect serving 35,601 students at 40 campuses across the United States.  For more information, visit www.cocm.com.

About Radnor Property Group

Radnor Property Group of Wayne, PA is a leading real estate development company which specializes in mixed-use urban development projects in Educational and Medical corridors, involving non‐profit institutions in public‐private partnerships. Over the past 10 years, Radnor has undertaken development projects involving 25 institutions of higher education. For more information, please visit www.radnorproperty.com.

About Harrison Street

Harrison Street is one of the leading investment management firm exclusively focused on alternative real assets. The firm has created a series of differentiated investment solutions focused on the Education, Healthcare and Storage sectors. Headquartered in Chicago with an office in London, the firm has more than 140 employees and approximately $18.3 billion in assets under management. Clients of the firm include a global institutional investor base from over 11 countries.  For more information, please visit www.harrisonst.com.

Media Contact

Leigh Anne Gilbert
COCM (Capstone On-Campus Management)
205.414.6462 (office), 205.240.3378 (cell)
lgilbert@cocm.com


COCM Improves Interactive Tool that Takes the Mystery out of Student Housing Demand

A free tool helping institutions better align student housing with recruitment and retention goals.

COCM (Capstone On-Campus Management) announced today the upcoming release of a new and improved Student Housing Calculator (studenthousingcalculator.com). In addition to helping housing professionals predict demand for housing on their campuses, the new edition of the Student Housing Calculator allows users to run multiple reports, edit and manipulate data, and view the impacts small changes have on demand. This dynamic tool helps administrators plan the future of student housing on their campuses. The enhanced Calculator will be released October 13th, in conjunction with the NACAS C3X conference in Orlando, FL.

Initially offered to the public in 2016 as a way for COCM to say “thank you” to its campus partners, the Student Housing Calculator is a time-tested, interactive, web-based number cruncher that uses COCM’s proprietary formulas to analyze past and current enrollment patterns, housing yields, and occupancy trends and provide a long-term (10-year) projection of future housing demand. This allows institutions to better align student housing with recruitment and retention goals. Housing professionals simply enter easily-accessible institutional data and in return receive a long-term housing demand report customized for their campus.

The Student Housing Calculator is available for anyone to use at http://www.studenthousingcalculator.com. In addition, users can request a free, no-obligation conference call with COCM’s student housing professionals to discuss the results of their custom analysis. COCM will host a webinar, open to all who are interested, to demonstrate the Student Housing Calculator on November 6, 2018. Visit https://cocm.com/webinar for details and to register for the webinar.


COCM Continues Growth with Addition of Duquesne University’s Brottier Hall

COCM is pleased to announce its recent selection to serve as the manager of Brottier Hall, an apartment-style campus residence hall at Duquesne University. This comes as part of a larger partnership between Duquesne University, Radnor Property Group (“Radnor”) and Harrison Street Real Estate Capital (“Harrison Street”) to modernize and renovate the property. The Duquesne project marks the first COCM on-campus partnership with Radnor and the fourth with Harrison Street.

Located on the corner of Boyd and Locust Street, Brottier Hall, a 20-story building on Duquesne University’s campus, houses approximately 660 juniors, seniors and graduate students in studio, 1- and 2- bedroom apartments, with retail on the street level. The redevelopment that is expected to be finished over four summers (beginning in 2018), will include new flooring and finishes, bathroom plumbing and electrical fixtures, vanities and bathtubs, kitchen cabinets, countertops and appliances, and new windows throughout the building, among other improvements.

“COCM is excited to team with Radnor Property Group and Harrison Street Real Estate Capital for the management of Brottier Hall. Our Student Housing Professionals look forward to serving this team and the Duquesne University student residents for many years to come.” – Alton Irwin, CMO, COCM

The addition of Brottier Hall extends COCM’s reach into Pittsburgh, a new city for the company. COCM’s Student Housing Professionals are honored by this selection and dedicated to enhancing the living and learning experience for the students of Duquesne University.

Duquesne University Sells 20-story Apartment Building


Capstone On-campus To Manage Charles Village Student Apartments At Johns Hopkins University

Capstone On-Campus Management announced its selection as manager of “3200 St. Paul,” a mixed-use student housing community, located one block from the campus of Johns Hopkins University. The $65 million project is being developed by Virginia-based Armada Hoffler Properties, Inc. and the Beatty Development Group. Assuming all approvals are obtained, construction is scheduled to begin in April 2015, with opening in fall 2016.

Located at the southwest corner of St. Paul and 33rd Streets, in an area known as Charles Village, 3200 St. Paul will offer 569 beds of market-rate student housing to Johns Hopkins University students in studio, two, three, and four bedroom apartment options. The 12-story community will include 31,500 square feet of commercial space, along with a 162 space parking structure.

Johns Hopkins University, which owns the underlying project site, awarded the development rights to the developers in 2012. Since that time, the University and the developers have worked closely on the programming and design of the new community. The long-term ground lease for the development of the project was recently finalized.

COCM, which manages over 7,000 beds of student housing on campuses throughout Maryland, will provide turn-key management services for the new community.

Student apartments, retail, restaurants planned for Charles Village


Capstone On-campus Continues Growth with Addition of Woodview Commons

Capstone On-Campus Management (“COCM”) is pleased to announce its recent selection to assume management of WoodView Commmons, a student housing community on the campus of Illinois Central College, East Peoria, Illinois. WoodView is owned by Educational Foundation Student Residence, LLC.

Located along Woodview Lane, the community provides living for 330 students in efficiency, two, and four bedroom apartment style living arrangements. All apartment units have complete kitchens and are fully-furnished. The community amenities include a clubhouse with game room, computer lab and laundry facility, and basketball and volleyball courts.

Capstone On-Campus is a company of talented housing professionals focused on providing management and consulting services for student housing owned by non-profits: colleges, universities, and non-profit foundations. As a result, the majority of communities managed are located directly on a college or university campus. Headquartered in Birmingham, Alabama, Capstone On-Campus currently provides management services for 25,860 beds at 29 campuses, reflecting over $1.6 billion in assets.


Capstone On-campus Expands West Coast Portfolio With Addition Of The Daumier At Western University

Capstone On-Campus Management (“COCM”) was recently selected to assume management of The Daumier at Western University, a graduate student apartment community on the campus of Western University of Health Sciences, in Pomona, California. The Daumier is owned by Provident Resources Group, a national non-profit organization, based in Baton Rouge, Louisiana.

Located on the Western University Esplanade, The Daumier provides apartment style living arrangements in studio, one, and two bedroom units. The recently completed community offers amenities such as a fitness and business centers, coffee bar, concierge, study lounges, yoga room, resort style pool, complimentary laundry facilities, pet-friendly units, and dedicated parking. Various community events and activities are also offered. The Daumier focuses on enhancing the Western students’ ability to study hard, live well, and have absolute convenience.

With the addition of The Daumier, COCM now serves three campuses on the west coast (1,075 beds) and 25,253 beds at 28 campuses nationwide.

About Capstone On-Campus
Capstone On-Campus is a company of talented housing professionals focused on providing management and consulting services for student housing owned by non-profits: colleges, universities, and non-profit foundations. As a result, the majority of communities managed are located directly on a college or university campus. Headquartered in Birmingham, Alabama, Capstone On-Campus currently provides management services for 25,253 beds at 28 campuses, reflecting $1.6 billion in assets.

For more information concerning Capstone On-Campus, please visit our website at: www.capstoneoncampus.com and our blog at: www.studenthousingmatters.com.


Capstone On-campus Awarded Management Of Spartan Suites At Norfolk State University

Capstone On-Campus Management (“COCM”) is pleased to announce it has been awarded the management of Spartan Suites, a 600-bed student apartment community on the campus of Norfolk State University. The Spartan Suites community is owned by E2F Student Housing I, LLC.

Spartan Suites provides fully-furnished apartment style living arrangements, in one, two, and four bedroom units. Community amenities include a fitness center, convenience store, sandwich shop, private study areas, common and conference areas, as well as a recently renovated computer lab. The student community is located on Norfolk State’s campus, which is in close proximity to downtown Norfolk.

The management structure for Spartan Suites reflects COCM’s “shared governance” arrangement, in which COCM provides facilities services and Norfolk State and COCM collaborate for the residence life programming.

“We are honored to serve as management partner for Spartan Suites and our housing professionals are committed to enhancing the living / learning experience for the Norfolk State student residents,” said Alton Irwin, Chief Marketing Officer for COCM. “With the addition of Spartan Suites, we now serve 26 campuses nationwide.”

About Capstone On-Campus
Capstone On-Campus is a company of housing professionals focused on providing management and consulting services for student housing owned by non-profits: colleges, universities, and non-profit foundations. The majority of communities managed are located directly on a college or university campus. Headquartered in Birmingham, Alabama, Capstone On-Campus currently provides management services for 24,384 beds at 26 campuses, reflecting $1.6 billion in assets. As a result, it manages more student housing owned by non-profits than any firm in the industry.

For more information concerning Capstone On-Campus Management, please visit our website at: www.capstoneoncampus.com and our blog at: www.studenthousingmatters.com.