Category Archives: Homestead U

The Cottages are awarded as “Best Apartments” in the 2014 Best of BCS readers poll in Maroon Weekly!

CS_Award_WebClick to go to Maroon Weekly ->

University Village – Money Maker Mondays

UV Announces the Grand Prize winner if the Money Maker Monday raffle!

Steven Bengal, a 5 year resident at University Village, won the grand prize of $10,000 during the last of 8 drawings at Applebee’s on Monday, 3/6.

Winner

Money Maker grand prize winner, Steven Bengal, with Homestead U Marketing Director, Ryan McGahan. 

$1,000 Winners

Chris Lontoh, Shunyu Wang, Yanqiang Wang, Fang Xie, Mikael Buchet, Homin Kang, Yeseo Lee

$3,000 Winner

Andrew Gauthier

Columbus Business First: Homestead America taking up residence on Livingston Avenue

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Click Here to Read on Business First ->

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Photos & Video: Third Annual River Park Plunge

Videos: NorthPointe and The Ranch at Star Pass

Employee Spotlight:

10408971_10152687746330756_7558250445436191897_nName: Katherine Purman

Job Title: Leasing and Marketing Manager

Property: University Village

 

 

 

 

 

 

1.) How long have you been with Homestead?:   I’ve been with Homestead for nearly 3 years!

2.) What were you doing before Homestead?: You could find me slinging soup at Planet Bread (Panera Bread).

3.) Where are you originally from?:  I was born in Wisconsin and moved to St. Clairsville, Ohio, when I was 12.

4.) What’s your dream vacation?:  I would love to travel Europe and see all of the major WWII battle sites. NERD ALERT!

5.) What do you like to do outside of work?: I enjoy reading on my patio, drinking beer and mothering my fur babies (two cats named Echo and Leo).

6.) What is the best concert you have been to?: Hands down – Blink 182

7.) What’s your favorite part about Spring?:  The sound of chirping birds and wind chimes.

8.) Who is the most famous person you have ever met?: I talked to A.J. Hawk and helped Rivers Cuomo from Weezer crowd surf.

9.) What is a talent you have?: I can play alto, tenor and bari sax.

10.) What super power would you have?:  Invisibility.

11.) What is your favorite HA/HU memory?:  Todd bought us goldfish, because we hit our numbers. But then they died.

Homestead U Featured in Student Housing Business

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Renovations, CapEx and ROI

by Amy Bigley Works

Click here to read on the StudentHousingBusiness.com

Crafting a relevant and balanced renovation strategy can lead to big pay-offs for operators and owners of student housing properties.

Right now, renovation is a hot buzzword in the student housing industry. With the right preparation and plan, a renovation can be a big pay-off for an owner’s return on investment, but it’s not always as simple as a fresh coat of paint or new appliances. Each property and market is different and requires its own dedicated research to understand if a renovation is needed and/or what type of renovation will offer the largest rent driver or value-add potential.

First Steps

For the River Park at Ohio University in Athens, Ohio, Homestead U executed a $1.2 million renovation for the 958-bedroom property. The crowning jewel of the renovation was the addition of an exterior amenity area, including a new resort-style pool, pool house and barbecue area.

For the River Park at Ohio University in Athens, Ohio, Homestead U executed a $1.2 million renovation for the 958-bedroom property. The crowning jewel of the renovation was the addition of an exterior amenity area, including a new resort-style pool, pool house and barbecue area.

There are many approaches to renovating student housing properties, but the first step is identifying properties and.solidifying a plan. On the acquisition side, there are two trains of thought on how to approach a new asset: 1) simply as a cash-flow property with no renovations, or 2) as a value-add property with potential rent increases from renovations. For many in the student housing industry, the potential of rent increases from renovations wins.

 

 

 

 

Creating a successful property with premium rents that compete with new product is a huge draw, and many companies have crafted business plans around that idea.

Chicago-based The Scion Group has spent the last six years purchasing older properties (five to 10 years old) from REITs and other companies with a renovation as part of the initial acquisition plan. Birmingham, Alabama-based Capstone Real Estate Investments (CREI) has infused more than $9.1 million in direct construction expenses for 2014-2015 delivery and has nearly $22.5 million in renovations slated for a 2015-2016 delivery across its portfolio. And Raleigh, North Carolina-based The Preiss Company spent more than $10 million on renovations as part of either acquisition or recapitalization plans.
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Photos: The Ranch at Star Pass BBQ Bash

Photos: NorthPointe’s Breakfast at the Bus Stop

NorthPointe’s New Resident Life Center

New Resident Life Center at NorthPointe Apartments in Tucson, Arizona, features spacious leasing office and clubhouse, state-of-the-art fitness center, computer lab and study rooms, movie theatre and much more.

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