The Texas A&M University System has entered a multi-year contract with Servitas, LLC to work on student housing development projects at any of the A&M System’s 11 universities. The agreement calls for Servitas to provide student housing services including planning, design, construction, development, financing, operations, and maintenance services upon request.
Texas A&M University System Enters a Student Housing Master Agreement with Servitas
May 12, 2016
FOR IMMEDIATE RELEASE
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The Texas A&M University System has entered a multi-year contract with Servitas, LLC to work on student housing development projects at any of the A&M System’s 11 universities. The agreement calls for Servitas to provide student housing services including planning, design, construction, development, financing, operations, and maintenance services upon request. This is the third time Servitas, one of only five firms selected, has been awarded a master agreement with the A&M System. Servitas was initially awarded a master agreement in 2012 and was again selected in 2013 and 2016. With recent projects at four of their universities, Servitas and the A&M System have an established history of developing student housing going back more than a decade, including Park West, a mixed-use, luxury student housing community that will add 3,402 beds to College Station in 2017.
Servitas, LLC is a privately-owned company focused on student housing development and property management. At the forefront of the privatized collegiate housing industry since its earliest days, Servitas is a leader in the full spectrum of student housing and student-centric mixed-use developments. Focused on providing the highest level of service to its higher education clients, Servitas has served more than 45 schools across the US with projects ranging from $7 million to $370 million in total cost. The firm provides its clients with the full suite of development services: market and demand research, financial structuring (including public-private partnerships), program development, construction administration, and property management. Servitas believes each project is special, and so its senior leadership dedicates significant hands-on time to each and every one. Servitas’ corporate offices are located in Dallas and Houston. Visit Servitas.com.
About Park West:
Park West is College Station’s newest mixed-use, luxury student housing community. Located on 50 acres, Park West will have three major building types: walk-up style flats, two 5-story apartment buildings, and an 8-story mixed-use building. The project will add 3,402 beds at 2.2 million SF and will provide student housing at multiple price points. Community amenities will include three resort-style pools, a rooftop amenity deck, three fitness centers, and plenty of green space throughout. Apartment amenities will include walk-in closets, in-unit washer and dryers, faux wood floors, and gourmet kitchens. Visit ParkWestLife.com.