Management
Place Managment Group, LLC, a Place Properties affiliate, currently manages over 21,000 beds of student housing and military housing nationally. Although Place Properties has ownership interest in the majority of its portfolio, a key element of the company’s growth strategy is a focus on fee management opportunities. The management team provides many years of combined tenure in the industry, with a demonstrated ability to execute on the goals and long term investment strategies of its partners. The goal of Place Management Group is to provide effective management services that increase the long term value of each asset.
A Green Place
Being green is no longer a choice, it’s a responsibility. With development and management working together, smart decisions are made on building material selections, efficient construction practices and energy smart operations. These efforts, coupled with unique resident programs, provide students a truly smart living option.
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Bum A Bike:
Free bike borrowing program which saves gas, eliminates parking challenges and is great for overall fitness
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Recycling:
On-site centers for residents to recycle
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Eco Management:
Utilizing technology to reduce paper used in operations and marketing
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Energy Smart:
Conservative utility consumption for clubhouses and amenities
Case Study:
Villas at Guadalupe
As the third-party manager, Place Management Group, LLC, was able to improve pre-leased occupancy from 63% to 94%, two weeks prior to move in the competitive Austin, Texas student market. Throughout the lease-up, concessions decreased, monthly income increased and more than $100,000 in expenses were eliminated from the new budget.
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Customer Inquiry Line: (866) 683-5972