Farbman Group, a full-service commercial real estate firm, announced the launch of Campusville, a comprehensive student housing, property management, maintenance, development, construction and investment sales platform. With the landscape of higher education evolving rapidly, Farbman Group recognizes the need for innovative solutions to meet the changing demands of university living.
Campusville’s mission is to enhance the quality of life for students by offering modern, well-appointed accommodations, fostering a vibrant sense of community, and providing convenient access to campus resources and local amenities. Campusville will offer a wide range of services, including property management, maintenance, development, construction and investment sales, tailored to the unique needs of the student housing market.
“It sort of dovetails out of Farbman and their historic way of approaching commercial real estate,” Andy Gutman president of Farbman Group told the Detroit News. “Farbman Group is always proud to say we’re a full-service commercial real estate group. Campusville is intended to be that full-service commercial real estate for student housing. So it really incorporates property management, maintenance, development, construction and investment sales. … A full service, seamless solution to tenants and students, to the parents. Anyone involved in student housing.”
The move comes as there is more of a shift toward hybrid online and classroom learning in college settings, according to Farbman Group. The program focuses on amenity-filled housing developments.
“If it’s an apartment complex, it might be having a pool, a weight room … meeting rooms where they can hang out, a theater area where they can watch shows,” he said. “It’s driving services to the front door for them. Putting in a fitness center. I believe that’s kind of the future how students will want to live. They’re flocking to more heavily amenitized options.”
The company has several properties in its management portfolio currently, Gutman said, with the largest property being a fully occupied 1,750-bed student housing development with retail and parking in East Lansing serving Michigan State University.
The firm also manages student housing in the city of Indiana, Pennsylvania, and has plans to grow throughout the Midwest, Gutman said.
The firm has hired for its Campusville division, with currently about 28 employees serving in roles including property managers and maintenance workers.
