Asset Plus Companies Announces Student Housing Development in West Virginia

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Mar 24, 2011, 11:00 ET

HOUSTON, March 24, 2011 /PRNewswire/ -- A joint-venture between Asset Plus Companies and Diamond Realty Investments, Inc. has announced ground breaking for The Domain at Town Centre, a student housing development at West Virginia University. Managed by Asset Campus Housing, The Domain at Town Centre is located in Granville, West Virginia adjacent to University Town Centre with scenic views overlooking the WVU campus directly across the Monongahela River. Construction of the luxury 912-bed student housing community will be completed for occupancy by fall 2012 and the project will be leased and managed by Asset Campus Housing, the student housing affiliate of Asset Plus Companies.

The Domain at Town Centre will offer a mix of 336 units with gated access, a grand resort-style swimming pool, an outdoor BBQ kitchen as well as sand volleyball and basketball courts.

A 9,200 square-foot clubhouse will offer a premier exercise facility, tanning beds and a game room packed with amenities. Other project amenities will include reserved covered parking, a fully equipped Internet Cafe, and business center with private group study rooms.

1-bedroom/1-bath, 2-bedroom/2-bath, 3-bedroom/3-bath and 4-bedroom/4-bath units will range from 601 square feet to 1,472 square feet. All units will be fully furnished and will include full-size washer and dryers, high-speed internet and flat panel HD TVs with DVR service. Modern kitchens will include stainless appliances, granite countertops and island seating.

Headquartered in Houston, Texas, Asset Campus Housing is an affiliate of Houston-based Asset Plus Companies, a property management firm specializing in real estate services for investors, developers, and owners. ACH currently manages a student housing portfolio with more than 50 properties exceeding 40,000 beds nationwide. Asset Plus Companies currently manages a portfolio valued in excess of $2 billion.

Diamond Realty Investments, Inc. provides equity capital for multifamily, student housing and industrial properties throughout the United States. The Company invests in both development ventures and acquisition of existing projects.

http://www.assetpluscorp.com

http://www.assetcampushousing.com

SOURCE Asset Plus Companies