Peak Campus to Manage Alabama Student Housing
- May 11, 2016
Mobile, Ala.—DRA Advisors has tapped student housing operator Peak Campus for the management of The Edge on Old Shell Road in Mobile. The 560-bed student housing property, which DRA recently acquired, serves the University of South Alabama.
The Edge offers two-, three- and four-bedroom, garden-style apartments within walking distance of campus. Each unit is designed to offer “bed-to-bath parity” (a private bathroom for each student) and fully-furnished units that include hardwood floors, kitchens equipped with stainless steel appliances and full-sized washers and dryers.
The property’s common amenities include a 24-hour fitness center with cardio theater, resort-style pool, grilling areas and outdoor poolside movie theater. The Edge also sports a gaming station, Internet café and 24-hour clubhouse.
The University of South Alabama is a public institution in Mobile and includes one of the two state-supported medical schools in Alabama. It has an enrollment of about 16,000 students and both on-campus and off-campus housing is available.
Atlanta-based Peak Campus has developed over 15,000 beds of purpose-built student housing, and currently manages over 51,000 beds nationwide. DRA Advisors is an investment advisor specializing in real estate for institutional and private investors with $9.4 billion in assets under management.