Yugo Drives Portfolio Growth with Student Housing Expansion
Yugo Drives Portfolio Growth with Student Housing Expansion
The acquisition of Campus Advantage adjusts leadership.
Yugo and Campus Advantage now have a portfolio of nearly 40,000 beds across 88 properties in 28 states. More than 400 new employees will also be joining the team following Yugo's acquisition of the Austin, Texas-based student housing firm.
"I am delighted to welcome the entire Campus Advantage team to this exciting next chapter," said Nicholas Porter, The Dot Group CEO, in a release. "With over three decades of pioneering leadership and proven track record, having Mike Peter lead Yugo U.S. is only accretive and will be key to our future success."
Peter, who founded Campus Advantage in 2003, will become the CEO of Yugo U.S., while Jim Sholders will be the President of Yugo U.S. Sholders was previously with Campus Life & Style and American Campus Communities.
"Joining Yugo, allows us to be part of something bigger with real momentum and provides the scale and scope to elevate our operations and asset values while securing new opportunities for our people, students and clients," said Peter. "I also welcome Jim Sholders as President of Yugo U.S., his leadership and experience will be integral to delivering operational excellence and I am looking forward to getting started with our talented teams."
Yugo, under The Dot Group, has a presence in 120 cities in 14 countries.