Previous company: I was with T&R for five years as Property Manager and then as a Regional Manager.
Where are you from? I am originally from Zanesville.
Favorite movie: Favorite movie is a hard one…I like comedies so let’s go with 40-Year-Old-Virgin.
What do you like to do for fun? I love spending time with my family. We enjoy golfing, bowling, and hanging by the pool in the summer.
–How OSU’s landmark apartment complex is upgrading the resident and leasing experience –
Columbus, OH (February 8, 2013) University Village has undergone a major renovation of their office headquarters at 505 Harley Drive. The leasing office, models, entryways and hallways, fitness center, computer lab and tanning room all have a fresh new look.
“We wanted something new and modern, to reflect the energetic, dynamic personalities of not only our onsite team, but of our residents as well,” says Laura Formica, Director of Marketing for Homestead U. Today’s students are much more aesthetically inclined, and we wanted our décor to reflect that in a really fun, cool way.”
By STEVE ROBB Messenger staff journalist
Tenants of two student apartment complexes will be able to swim up to the bar for a drink once upgrades planned by the new owner are complete.
As The Messenger reported Thursday, Columbus Pacific Properties of Santa Monica, Calif., has purchased the Riverpark Towers, River’s Edge and Athens Apartments for nearly $40 million. The primarily student housing properties will be managed by Homestead America of Columbus.
“It’s really going to be treated as one community,” she said.
Upgrades also will be made to the fitness center, corridors, leasing office, laundry facilities and computer center, giving the center a “coffee house feel,” said Formica, who is an Ohio University graduate.
“We recognize there is great potential for the property,” she said, adding that the goal is to create something “real cool and modern.”
No physical changes are planned for Athens Apartments.
Asked if rental rates will be increased, Formica said no immediate increase is planned. However, she said rates will be consistent with the market, which is seeing slight increases.
Homestead America also manages University Village — also owned by Columbus Pacific Properties — near the Ohio State University campus.
The Athens properties were sold by companies affiliated with Klingbeil Capital Management. Klingbeil built River’s Edge, but had purchased Riverpark Towers and Athens Apartments.
Klingbeil President James Callard said an investment fund was created for the Athens assets, with the money invested for a specific number of years. The life of the fund had come to an end, and a distribution was owed the investors, he said.
“It was just time,” Callard said when asked the reason for the sale.
A Columbus-based owner and manager of off-campus student housing has acquired its second apartment complex in Tucson, Ariz.
Homestead U purchased the 336-apartment Reserve at Star Pass for its investment and management portfolio. The property is less than 6 miles from the University of Arizona, with an enrollment of about 40,000.
Homestead U and equity partner Columbus Pacific Properties of California paid seller Education Realty Trust Inc. (NYSE:EDR) $25.5 million for the student housing complex. The 12-year-old property includes 1,020 beds for students but has a “distressed” occupancy level at 65 percent.
Homestead America would like congratulate and welcome Todd Jessup to the Homestead U division! In addition to his current role as District Manager for HA, Todd has been named the new Community Manager at University Village! Todd congratulations, and thank you for your continued dedication, hard work, and can-do attitude.
Homestead U is bidding farewell to Dan Jones, who is retiring from Community Manager at University Village. Dan has served this property for 26 years and leaves behind a legacy of tenacity, positivity, and success! Although the UV team will miss Dan greatly, we are fortunate to continue our business partnership as Dan will remain a consultant and close friend of HU. Best of luck to you Dan!