CSU-PUEBLO OPENS NEW STUDENT HOUSING FACILITY FOLLOWING SCION’S RECOMMENDATIONS

PUEBLO, CO. Following a 2008 engagement of The Scion Group by Allen & O’Hara Inc. to explore the feasibility of a contemplated new student housing community on the campus of Colorado State University – Pueblo, which stemmed from Scion’s 2006 student housing master plan for the University, the first phase of the project successfully opened in Fall 2009 with a 97% occupancy rate and with a second phase already under construction.

The new Crestone Hall houses 253 students in suite-style units, with lounges on each floor that offer dramatic views of the surrounding area. Two additional facilities of 253 beds each are currently under construction and are scheduled to open in Fall 2010. Scion advised the University on demand for student housing, evaluation of existing buildings, auxiliary facilities, live-on requirements and location selection, and subsequently advised developer Allen & O’Hara on feasibility in the pre-development stage.

With 275 acres of land in northern Pueblo, Colorado State University – Pueblo is part of the Colorado State University system and has an enrollment of approximately 4,000 students, including about 200 international students.

Allen & O’Hara, a division of publicly-traded Education Realty Trust Inc., has specialized in student housing for more than 43 years, developing and managing residence halls and student apartments in close collaboration with universities nationwide. The company has developed or acquired 69 housing communities serving 49 universities.

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