Homestead U Gives University Village a Makeover

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–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.”
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Homestead U Acquires University Village

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– Company’s first venture into off-campus student housing –

 

Columbus, OH (August 10, 2011) Homestead U (HU) and equity partners Columbus Pacific Properties (CPP) purchased University Village Student Apartments, a 1,008 unit, 1,856 bed, class “B” property for $54.5 million.  University Village is located in Columbus, Ohio and within walking distance of The Ohio State University.

 

The property, built from 1959-1965 is 99.9% occupied and was purchased well below replacement cost.  HU’s intention is to steadily increase rents to reflect the demand in OSU’s student housing market. In addition to the necessary capital improvements, University Village will undergo a renovation of the leasing office, models, and fitness center.
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