The Company is well into the pre-leasing
process and construction is
expected to be completed for the start of the
2006-2007 academic year.
College Park Management
, the student housing management division of GMH
Communities Trust that operates and manages on- and
off-campus student housing
communities throughout the country, will manage the property.
education union
reference college
NEWTOWN
SQUARE, Pa.
Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act
of 1995: Statements in this press release that express the current beliefs
and
expectations of our management are "forward-looking statements.gmhcommunities.whose maryland
military
and
their families residing on or near bases throughout the United States.departments athletic
, GMH Communities
Trust (NYSE:
GCT) today announced that its student housing division, College
Park Communities, has been awarded
two management agreements for student
housing properties owned by third parties.com) is a publicly
-traded
Maryland real estate investment trust (REIT).naval university
GMH Communities Trust Awarded Two Student Housing
Management Agreements
GMH
Communities also provides property management services to third-party
owners
of student housing properties, including colleges, universities, and other
private owners
.colorado begin
Orth, Executive Vice President of the Company's
student housing division.S.'
colorado utah
, GMH Communities
Trust (NYSE: GCT) today announced that its student housing division, College
Park Communities
, has acquired Brookstone Village, a 124 unit/238 bed town
home community serving the University of
North Carolina-Wilmington.names university
ABOUT GMH
GMH Communities Trust (http://www.ursinus u
education athletics
The
property
, built in 1995, is a 13-building, town home complex containing
premium amenities, such as a clubhouse
, resort-style swimming pool and outdoor
grilling areas. Including this latest acquisition, the Company
has
purchased five properties in 2006 for an aggregate purchase price of
approximately $57.
athletics military
The Company already owns and
manages two other student housing properties that also serve
the University of
North Carolina -- Charlotte. "These new agreements are consistent with our
growth
strategy for the third-party management portion of our student housing
business, and we are excited
to add these properties to our managed
portfolio," continued Orth. We are a self-advised,
self
-managed, specialty housing company focused on providing housing to
college and university students
residing off-campus and to members of the U.
Brookstone Village is located two blocks from campus
and is near Campus
Walk, a student housing community that the Company acquired in 2005. We are a
self-advised, self-
managed, specialty housing company focused on providing housing to college and
university students residing off-campus and to members of the U. The Company, based in Newtown Square
, PA, employs more than
1,600 people throughout the United States.This category contains links to
athletic departments of colleges and universities whose names begin with 'U.
colorado utah
This property has been
in operation since 2000.
military and their families residing on or near bases throughout the United
States.GMH Communities Trust Purchases Student Housing Community Serving the University of North
Carolina-Wilmington
The Brookstone Village acquisition increases the number of student housing
assets owned by the Company to 59 properties, which contain an aggregate of
11,016 units/35,880
beds.us air
A 70,000 square foot retail complex adjacent to the
student housing facility, which includes
a state-of-the-art seven-plex movie
theatre with additional high-end retail stores, is also under
construction and
is scheduled to be completed in May 2006.gmhcommunities." These
forward-looking
statements are subject to risks and uncertainties, including
the risk factors discussed in the Company
's periodic reports as filed with the
Securities and Exchange Commission.
college reference
This property
will further enhance
the student housing experience for Temple University and its students.reference military
The Company has entered into a five-year agreement to provide leasing and
management services for
The Edge at Avenue North, a 240 unit/1,214 bed student
housing property currently under construction
directly adjacent to Temple
University in Philadelphia, PA. These risks and uncertainties could
cause
our future results, performance or achievements to differ significantly from
the results
, performance or achievements expressed or otherwise implied by
such forward-looking statements.
NEWTOWN SQUARE, Pa. The
property was acquired for a purchase price of approximately $6. Forward
-looking statements speak only as of
the date on which they are made, and we undertake no obligation
to update
publicly or revise any of the forward-looking statements.air force
"
About GMH Communities
Trust
GMH Communities Trust (http://www." These
forward-looking statements are subject to
risks and uncertainties, including
the risk factors discussed in the Company's periodic reports as
filed with the
Securities and Exchange Commission. These risks and uncertainties could cause
our
future results, performance or achievements to differ significantly from
the results, performance
or achievements expressed or otherwise implied by
such forward-looking statements.naval utah
com) is a publicly
-traded
Maryland real estate investment trust (REIT).academy military
The Company also has entered into a two
-year agreement to provide leasing
and management services for Campus Connection -- Charlotte, NC
, a 158 unit/476
bed property serving students at the University of North Carolina --
Charlotte
.begin colorado
"We are proud that, after conducting national searches to identify a
management company,
the owners of these facilities selected College Park
Communities," stated Miles H. "We have the
proven resources and systems to
effectively manage student housing properties for third-party owners
, and we
will continue to aggressively pursue additional third-party management
agreements during
2006. The Company, based in Newtown Square,
PA, employs more than 1,600 people throughout the United
States.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of
1995: Statements in this press release that express the current beliefs and
expectations of our management
are "forward-looking statements.utah force
air academy
S.reference union
Forward-looking statements speak only as of
the date on which
they are made, and we undertake no obligation to update
publicly or revise any of the forward-looking
statements.force maryland
GMH Communities also provides property management services to
third-party owners of
student housing properties, including colleges,
universities, and other private owners.1 million
,
including the placement of $4.1 million in new 10-year fixed-rate mortgage
indebtedness.athletic colleges
The
Edge at Avenue North, owned by Broad Residential
Partners, LP, will offer luxury amenities for Temple
University students
including 9,800 square foot of new, high-end retail space focused towards
students
' lifestyles. Campus Connection is owned by a Maryland-based investment group
and features a recently
-renovated clubhouse and luxury amenities package.9 million.us whose
A community sponsored library.
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