Suddenlink to Provide Market Leading Video and High-Speed Internet Access Services to New Luxury Student Living Community
LUBBOCK, Texas (March 22, 2011) — Suddenlink Communications will be providing state of the art video and high-speed Internet access services to 25Twenty, a new luxury student living community near Texas Tech University in Lubbock. The project is a joint venture between the developer, Asset Campus Housing, and Kayne Anderson Real Estate Advisors (KAREA), a private equity real estate fund investing in specialized real estate sectors, with a primary focus on off-campus student housing.
25Twenty is the newest and most luxurious student housing community serving Texas Tech students. Included in the rent, each resident will receive a Suddenlink wired Ethernet high-speed Internet service, with download speeds up to 10 Megabits per second (Mbps). Wi-Fi access also will be available throughout the community. The living area of each apartment will include an HD-DVR set-top box hooked up to 42” energy star high-definition televisions with Suddenlink SL200: Advanced Digital TV service. Suddenlink SL200 includes more than 200 channels of programming, including more than 50 HD channels, access to Video on Demand with thousands of free programs, and more than 45 digital music channels. The video package also includes 12 HBO channels, two of which are in HD, and access to the entire HBO on Demand library through Suddenlink’s Video on Demand service. In each bedroom residents get access to the linear programming available in the living area and access to Video on Demand and other content with the upgrade to a full set-top box.
“Long before construction started, RealPage’s Velocity Advisory Services and
Asset Campus Housing approached us seeking the best possible services for their residents,” said Nathan Geick, division director for Suddenlink Business Services. “The services included in the rent are truly state of the art. Moreover, we have agreed to upgrade the video and high-speed Internet access services included in the rent each year to ensure they stay current. Residents can also upgrade to other service offered by Suddenlink in Lubbock.”
“Suddenlink continues to be a great partner for Asset Campus Housing. They have helped us at a number of communities throughout Texas,” said Julie Bonnin, chief operating officer for Asset Campus Housing.
Asset Campus engaged Velocity Advisory Services, a division of RealPage, Inc., to help negotiate the video and high-speed Internet access services and design the related community infrastructure, as well as, the audio-video, access control and energy management systems. “Asset Campus always strives for the best possible technologies and services for their communities and Suddenlink is offering some incredible and cost-effective services to 25Twenty,” said Henry Pye, vice president Velocity Advisory Services. “We were happy to help them.”
Opening fall 2011 and located adjacent to Jones AT&T Stadium, 25Twenty will be a four-story stucco and brick structure offering a mix of 249 units arranged around two beautifully landscaped courtyards. The main courtyard will feature a sunning ledge, a grand resort-style pool with water feature, outdoor BBQ kitchen and hammock area. Not to be outdone by the larger courtyard, the second courtyard will hold its own and highlight a pro-style sand volleyball court, competition horseshoe pit, and an area to kick back and relax around an outdoor fire pit.
A 9,600 square-foot clubhouse will offer a game room packed with amenities and feature a Full Swing Golf simulator and interactive video gaming center. Other amenities will include a theatre with stadium seating, a fully equipped Internet Cafe, business center along with private break-out study rooms, tanning room and a premier exercise facility.
One-bedroom/one-bath, two-bedroom/two-bath, and four-bedroom/four-bath units will range from 571 square feet to 1,704 square feet. Floor plans feature an open concept design, reinforced by 10-foot ceilings on the ground floor. All units will be fully furnished. Modern kitchens will include stainless appliances, pendant lights, granite countertops and islands with seating.
Asset Campus Housing
Headquartered in Houston, Texas, Asset Campus Housing (ACH) is an affiliate of Houston-based Asset Plus Companies, an investment and third party property management firm specializing in real estate services for investors, developers, and owners. Asset Campus Housing manages a student housing portfolio of 50+ properties, exceeding 30,000 beds located throughout the United States.
Kayne Anderson Real Estate Advisors
Kayne Anderson Real Estate Advisors (KAREA) is the real estate practice of Kayne Anderson Capital Advisors, L.P. (KACALP) investing in specialized real estate sectors including student housing, self storage and multifamily properties. KACALP is an $11.5 billion investment management firm with over 25 years of successful investing experience in the middle markets in the energy, growth capital, real estate and mezzanine debt sectors. The firm has offices in Los Angeles, Houston, New York City and Armonk. For more information, visit www.kaynecapital.com.
Suddenlink Communications (suddenlink.com) is the seventh largest cable operator in the United States, supporting the information, communication and entertainment demands of approximately 1.3 million residential customers and thousands of commercial customers in Arkansas, Louisiana, North Carolina,
Oklahoma, Texas, West Virginia and elsewhere. Suddenlink simplifies its customers’ lives through one call for support, one connection, and one bill for TV, Internet, phone and other services.
About Velocity Advisory Services
Velocity Advisory Services, a division of RealPage, Inc. (NASDAQ: RP), assists multifamily communities with the business and technical aspects of voice, video, and data services, bulk services, unit, amenity area and building access control, unit and amenity area audio-video and lifestyle technologies, and other community low voltage amenities and systems. Velocity Advisory Services supports multifamily developments, acquisitions, and existing communities for dozens of developers, builders, managers and owners. Since 2001, the team has managed resident services and technology for hundreds of communities in 35 States, the District of Columbia, and Canada. Velocity Advisory Service is part of Velocity, RealPage’s award-winning utility management services division.