To manage its student housing assets, Waypoint Residential has announced the creation of Waypoint Student Living. The new division will assume the responsibility for seven of Waypoint’s student housing properties and over 3,300 beds.
The Florida-based company entered the student housing market in 2016 and today has a portfolio of 15 properties with roughly 8,000 beds. Under Waypoint Student Living, a newly assembled team will manage three properties in North Carolina, two in Texas, one in Georgia, and one in Alabama.
“Waypoint Student Living enables us to deliver an exceptional student living experience while providing economies of scale,” said Teresa DeVos, managing director of property operations for Waypoint Residential, in a statement. “The new group illustrates Waypoint’s model of developing expertise and managing assets in our key sectors of conventional multifamily, student, and senior rental housing.”
Specifically, Waypoint Student Living will manage:
– First Street Place, which serves East Carolina University in Greenville, N.C.
– 18 Seventy-Nine, which serves Sam Houston State University in Huntsville, Texas
– Midtown Corpus (Texas A&M, Corpus Christi, Texas);
– Chapel Ridge and Chapel View (University of North Carolina, Chapel Hill, N.C.);
– The Lodge at Athens (University of Georgia, Athens, Ga.); and
– The Social at Auburn (Auburn University, Auburn, Ala.).
Jason White, a 21-year industry veteran, will head the day-to-day operations, with additional team members including Daniel Griffin as regional manager, Angelia Jarvis as director of operations systems, Emily Austin as director of marketing, and Patricia Moralez as national director/operations specialist.