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  • State Funds New Signage For County Rail Crossings

    cones asphaltState regulators today approved nearly $1,000 in safety upgrades for 14 railroad crossings in Mason County. The Washington Utilities and Transportation Commission approved a Grade Crossing Protective Fund (GCPF) grant at the request of Simpson Lumber. Simpson Lumber will receive… Read More +

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  • Governors Announce Super Bowl Food Bank Donations

    fbaae8008dThe Seattle Seahawks-New England Patriots Super Bowl matchup is bringing cross-country donations into the food banks of each team's home state. Washington Gov. Jay Inslee, Massachusetts Gov. Charlie Baker and New Hampshire Gov. Maggie Hassan announced Thursday morning they're each… Read More +

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  • Seattle Storm Trade

    seatte stormThe Seattle Storm have traded Camille Little and Shekinna Stricklen to the Connecticut Sun for the third and 15th picks in the upcoming WNBA draft and Renee Montgomery. The Storm already have the No. 1 pick. Connecticut is trying to regroup from the loss of rookie of the year Chiney Ogwumike, who is sidelined for at least six months after having microfracture surgery

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Luxury College Dorms Offer Upscale Amenities

b_250_0_16777215_00_images_obgrabber_2013-09_6c65b0959f.jpgKelly Johnson/Campus Crest (NEW YORK) -- If you think a rooftop pool, tanning bed and fire pit are amenities too luxurious for a college dorm, think again. As universities experience budget crunches and students face soaring tuition costs, Campus Crest Communities Inc., a publicly traded company based in Charlotte, N.C., develops and markets fully furnished luxury dorms to college and grad students across the U.S. and Canada.

Campus Crest brands target potential tenants, much like a hotel parent company offers various inns and resorts.  The 10-year-old company just introduced its newest brand idea, evo, described as an "upscale urban student housing concept designed to target mature undergrads and grad students." 

The first upscale evo properties are scheduled to open in fall 2014.  One of these will serve University of Pennsylvania students, rooftop pool included, and will be the tallest student housing property in the country with 33 stories and 850 beds.  The evo Montreal will be the company's first entrance into the international market.

Campus Crest's other two brands cater to a specific customer base as a Residence Inn by Marriott might appeal to business travelers and a Great Wolf Lodge waterpark resort targets families.

Campus Crest's Copper Beech brand offer town homes that target seniors and grad students.  The Grove brand targets sophomores and juniors, with traditional apartment floor plans and a residence life program with its own resident assistant, or RA, system.  Campus Crest's RAs are officially called community assistants, or more affectionately "rock stars."

The company has 86 student housing properties and more than 45,205 beds across the U.S.

Ted Rollins, co-founder and CEO of Campus Crest Communities, said his private housing can offer "quality life" with no material financial impact on mom and dad paying the bills. The average rent is $500 for a fully furnished apartment with utilities, Internet and cable included.

There is plenty of competition in the industry for private student housing, both small and large, but Campus Crest is one of the larger businesses in the field.  American Campus Communities Inc., based in Texas and founded in 1993, is a competing publicly traded company.

Campus Crest has a "full delivery model," Rollins explains, with its own general contractor, supply firm and asset management company.

"It's a more efficient way to get a product to the market," he said.  "It saves time and increases quality."

Copyright 2013 ABC News Radio

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