Category Archives: Ted Rollins News

Campus Crest Communities enters Montreal Student Housing Market

campus crest - hotelCampus Crest Communities, Inc., a leading developer, builder, owner and manager of high-quality student housing properties, and Beaumont Partners SA (“Beaumont”) have entered a joint venture partnership that acquired the 711 room, 33-story Delta Centre-Ville Hotel in downtown Montreal, Quebec with plans to convert it into an upscale student housing tower.

Situated above the Square-Victoria Metro Station stop, the Montreal acquisition offers easy access to McGill University, Concordia University and L’Ecole de Technologie Superieure (ETS), a part of the Universite du Quebec network, which collectively serve more than 81,500 full-time students. The property is located in the heart of downtown Montreal, within walking distance of Old Montreal, the Bell Centre sports and entertainment complex, the Central Train Station and numerous dining and cultural attractions.

Once complete, the property will feature high-end appointments and expects to attract undergraduate and graduate students offering an upscale housing alternative with modern, attractively furnished rooms and a range of amenities including a media lounge, fitness center, library and a technology center.

Ample common areas including numerous study lounges will be designed to accommodate social and academic interaction. To foster a sense of community and promote resident engagement, the property will regularly host a variety of activities. Residents will be served by a highly trained, professional staff that includes a general manager, leasing manager, community assistants and a courtesy officer for security purposes. As part of the joint venture agreement, Campus Crest will serve as property manager.

In addition to marking Campus Crest’s entry into Canada, the project is the Company’s second urban, high-rise development. In February, Campus Crest announced a joint venture partnership to develop a 33-story, 850-bed student housing tower in University City, Philadelphia, targeted for completion in the fall of 2014.

The joint venture, which is owned 20% by Campus Crest and 80% by Beaumont, paid approximately $60 million for the property, including closing costs, fees and reserves. The partnership expects to obtain redevelopment financing later this year to fund the conversion of the hotel into an upscale student housing tower featuring a mix of single and double units. The redevelopment of the tower is slated to be completed for the fall of 2014, with leasing to begin in the fall of 2013.

“We are excited to align ourselves with Beaumont to acquire an asset in an irreplaceable location in the heart of downtown Montreal at discount to replacement cost,” said Ted W. Rollins, Co-Chairman of the Board and Chief Executive Officer of Campus Crest. “We have been evaluating the Canadian market for years and believe this is the right opportunity with the right partner to bring our unique brand of student housing to our North American neighbors.”

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Ted Rollins tests green living programs on campus

Articulating the connection between why green decision-making is valuable, what the resident will gain from it, and how their decisions are making positive impact is key to ensuring buy-in and resident engagement.

“We help our residents grow in their understanding of green living by equipping them with resources to inform daily decisions so they can easily choose green, said Ted Rollins, chief executive officer of Campus Crest Communities.Ted-Rollins-recycle

In 2012, Campus Crest partnered with the Institute for the Built Environment at Colorado State University to create resident resources and pilot test the effectiveness of programs.

“In 2013, we are rolling out these programs at every property and feedback will be achieved through resident focus groups,” said Rollins.

Events implemented to pilot test these concepts have been:

• Week of Wow

• Green Cleaning Galore

• Green Grocery Bingo

• Grove Eco Footprint Survey

“Our green events and resources inform residents about topics such as decreasing utility consumption, product reuse, recycling and waste minimization, alternative transportation, green cleaning products, and local purchasing choices,” said Rollins.

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Ted Rollins on NEXT

In an ongoing initiative to improve the carbon footprint for Campus Crest Communities, CEO Ted Rollins has spearheaded an enhanced environmental initiative called NEXT.

NEXT incorporates four areas of focus for improving our footprint across the board,” said Rollins.

These areas are: balanced living, operating responsibly, serving communities, and building innovation.

NEXT logo

According to Rollins, Campus Crest employees can feel good knowing that they are part of a company that is dedicated to leaving a positive footprint. Employees are encouraged to become engaged in the NEXT initiatives and provide additional ideas for taking it to the NEXT level.

“As a resident, you can get educated and get involved by participating in green events, community improvement projects, and making healthy lifestyle choices,” said Rollins.

Rollins cites that investors will know that Campus Crest is committed to being a responsible corporate citizen.

“Our NEXT initiatives are good indicators of our overall commitment to doing well by doing good in the world,” said Rollins.

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Ted Rollins provides free housing options for students awarded Horatio Alger scholarship

Campus Crest Communities led by CEO Ted Rollins provides free housing options for students who win Horatio Alger Florida Scholarships to college. These students are recognized for overcoming adversity in their lives.

The award comes with a $5,000 prize as well as access to financial aid and scholarship counseling, college readiness help, 24/7 support including crisis response and counseling resources, free housing options provided at 44 campuses around the country, grad school funding and access to peers and scholarship program alumni.Ted-Rollins-scholorships

The scholarship recipients were picked based on their commitment to education, dedication to community service, and strength of character in overcoming personal obstacles to achieve academic excellence, according to The Horatio Alger Association of Distinguished American, which sponsors the scholarship.

The Horatio Alger Association of Distinguished Americans, Inc. bears the name of the renowned author Horatio Alger, Jr., whose tales of overcoming adversity through unyielding perseverance and basic moral principles captivated the public in the late 19th century. The Association, a 501(c) (3) nonprofit educational organization, was established in 1947 to dispel the mounting belief among the nation’s youth that the American Dream was no longer attainable.

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Ted Rollins constructs playground for children’s home

The children at SOS Children’s Village in Barrett Town, St James now have another reason to play outside.

Just recently, they received a new playground donated by United States (US)-based Campus Crest Communities, Inc. The company was co-founded by Ted W. Rollins, son of the late American businessman and entrepreneur John W. Rollins. John, together with Dr Harland Hastings, Johnny Cash and Professor Heinz Simonitsch, founded SOS Children’s Villages Jamaica in 1970.CampusCrest-Tedrollins

A leading owner and operator of student housing properties located across the US, Campus Crest shares a historical link with SOS Children’s Villages Jamaica. Ted Rollins, who serves as Campus Crest’s CEO, always admired his father’s philanthropic endeavors and passion for helping the underprivileged children of Jamaica. Having spent a great deal of his childhood on the island, he witnessed first-hand the positive impact SOS Children’s Villages had on the community. With the passing of his father, Rollins vowed to carry on his legacy by supporting the organization through volunteerism and charitable contributions.

Recently, Rollins arrived in Jamaica to give back to the village that helped shape his future and that of so many other youths. He was joined by his brother Michael, niece Catherine, 11 of his Campus Crest colleagues, and Andrew Johnson, from the nursery at Rose Hall Developments.

Rollins worked side-by-side with SOS Villagers to construct a new 3,200-square foot playground. A few hours, some teamwork and 2,500 bags of rubber mulch later, the sound of clanging hammers and wrenches was replaced by children’s laughter as the playground was complete.

Corporate generosity is not new to Campus Crest. The company also provides housing to Horatio Alger scholars who chose to attend universities where Campus Crest operates student housing communities. The Horatio Alger Association, another worthwhile cause championed by Ted and The Rollins Family, is an organization devoted to honoring the achievements of outstanding individuals who have succeeded in spite of adversity.

Several of SOS Village children have been recognized as Horatio Alger scholars, including Suny Maritime Engineer Markham Laird and Biochemist Dr Steven Bahado-Singh.

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Ted Rollins and Campus Crest Build Jamaica Orphanage Playground

Ted Rollins and Campus Crest Build Jamaica Orphanage Playground

Ted Rollins and a hard-working group of Campus Crest employees built a much-need 3200-square foot modern playground for the children at the SOS Village in Montego Bay Jamaica in April

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Ted Rollins Discusses Perspectives on Campus Crest Development

According to Ted Rollins, CEO of Campus Crest, his development team executes locally, while being supported by corporate staff. Their main responsibilities are site selection, investment underwriting and entitlements.

“Site selection is very important and not something that’s taken lightly,” said Rollins. “Our team, including our founders, works with regional development partners strategically located across the United States.”

They provide them with a list of potential markets based on research. Each location must comply with a site criteria checklist and pass certain filters before it is chosen.

In terms of underwriting, Rollins and his team focus on the details of each potential project.Ted-Rollins-CampusCrest-planning

“Every project is reviewed and approved by all key members of our executive team,” said Rollins. “By the time we are prepared for final approval, each member of our senior team has been to the site, reviewed all of the information at our underwriting committee meeting and signed off on the project.”

The team collects and summarizes a variety of information and uses it to create development, construction and operating plans for each new property.

The Campus Crest Development team spends many hours creating the best possible site plan for each project and takes into consideration all the possible points. Each project is considered in the overall context of each unique municipality and goes through iterations to create the most effective and cost-efficient plan.

“Once this is in place with each community, we then work with the various professionals in each market to deliver the fully designed package and work with them and the local municipality to gain all entitlements and permits necessary to construct the project,” said Rollins.

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Ted Rollins shares real estate management directives

Ted Rollins, CEO of Campus Crest, is dedicated to four specific directives in terms of real estate management of his properties.  In order to insure quality, these principles were developed to help manage the sites with quality and proactive response.

The first directive is “keep it pretty”.  It’s nearly impossible to change a person’s first impression. So the appearance of Campus Crest Communities is vital to attracting prospective residents. Rollins’ property level management teams are accountable for regular reporting, preparing for executive management site visits, quarterly quality audits and most importantly, maintaining a facility that our residents can be proud of and their friends envious.

“Keep ’em fun” is the second initiative. Creating the lifestyle is what sets Campus Crest apart from everyone else. Getting students and staff involved in something bigger than themselves, including helping to create friendships and lifelong bonds. There are so many great events ranging from Crawfish boils to yoga classes. Rollins is creating more than just a place to stay; he’s creating a community.

Thirdly, the dedicated Campus Crest teams are committed to “keep ‘em full”.  Nobody wants empty rooms, so staff is educated on the best ways to sell the Grove Lifestyle. They’re also trained in hospitality management, lifestyle programming and customer service. As a result, resident retention is one of the highest in the industry.Ted-Rollins-CampusCrest-students-Housing

“We want everyone to know that we don’t just build and fill buildings,” said Rollins.  “We create communities. And we use this message to help achieve our leasing goals.”

Finally, the end goal is to “keep ’em profitable”.  As for most businesses, profit is essential. Campus Crest has been working with one of the leading multifamily software designers to create a platform for its operating properties. It gives real-time data to the local area and corporate managers in order to keep a tight control on property operating expenses.

“We educate our mangers to focus on creating a stronger bottom line so the company and everyone involved can enjoy the opportunities it brings,” said Rollins.

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A Look at Ted Rollins’ Alma Mater

Ted Rollins, CEO of Campus Crest, received his BSBA from the Citadel and his MBA from the Fuqua School of Business at Duke University.

The Fuqua School of Business is named for J.B. Fuqua, born in 1918 and raised by his grandparents on a tobacco farm in Prince Edward County, Virginia. Fuqua began his relationship with Duke University as a teenage student, when he borrowed books by mail from the Duke library. Fuqua never went to college.

Campus CrestAmong his many accomplishments, he is best known as the founder and chairman of Fuqua Industries, Inc., an Atlanta-based Fortune 500 company. The small brick manufacturing company grew to become a multi-billion-dollar conglomerate of business holdings. Fuqua’s cumulative giving to Duke totaled nearly $40 million, establishing him as one of Duke’s largest individual benefactors.

Since its founding, The Fuqua School of Business has established itself as a leading educator and supplier of future business leaders at all levels around the globe. The school earned this leadership position with the help of corporate partners who derive value from their relationships with Fuqua.

Corporate partners are provided with premier opportunities to recruit from among the nation’s top MBA graduates, to sponsor Executive MBA programs, to collaborate with our faculty in areas of research and customized corporate education, to partner with students in enriching the MBA experience, and to gain visibility through support of institutional programs and capital projects.

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