What Campus Life and Style does

Campus Life and Style, operating as CLS Living, is a privately held residential property management company founded in 2015 by Elliot J. Tamir and Isaac J. Sitt as a wholly-owned subsidiary of Vesper Holdings, a New York City-based real estate investment firm. Headquartered in Austin, Texas, the company manages more than 10,300 units and 32,000+ beds across 33+ U.S. markets spanning 18 states, serving on-campus university housing, off-campus student communities, and conventional multifamily developments. Its customer base includes universities operating under public-private partnership (P3) structures, institutional investors, real estate developers, and joint venture partners, with a portfolio that includes 37+ properties recognized as top performers in the student housing sector.

CLS Living operates through three service divisions—CLS On-Campus, CLS Student, and CLS Multifamily—underpinned by a proprietary operational platform branded CLS 360, which encompasses 360° Revenue Optimization, Intelligent Expense Control, and Innovation & Implementation modules. A signature differentiator is the company's Five-Star Hospitality Training platform developed in partnership with Forbes Travel Guide, integrating luxury hospitality standards into student and multifamily operations. The Autograph Collection sub-brand extends this positioning into a portfolio of boutique hotel-inspired communities featuring proprietary amenities. Internally, the company invests in talent through its EXCELeration, Mentorship, and Legacy Awards programs and has been certified as a Great Place to Work.

Revenue is generated primarily through managed services: management fees on third-party contracts, intercompany property management services for Vesper Holdings' owned portfolio of 55+ student housing properties, and asset management oversight for institutional joint venture partners. The go-to-market motion is enterprise field sales led by a dedicated VP of Business Development targeting property owners, developers, and institutional investors for third-party management contracts across student housing, on-campus, and multifamily segments. The company employs over 1,000 people and manages a national portfolio that has expanded from initial operations to 33+ markets, with recent third-party management awards totaling 2,218 beds across four properties and ongoing geographic expansion into new university markets.

Name

Campus Life and Style

Legal name

CLS Living

Website

https://clsliving.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

CLS Living is a privately held, Austin-based residential property management company managing 10,300+ units and 32,000+ beds across 33+ U.S. markets for universities, institutional investors, and property owners through its On-Campus, Student, and Multifamily divisions, operating as a subsidiary of Vesper Holdings.

Ownership category

akta.pro rank

Product category

Residential Property Management Services

NAICS

Residential Property Managers (531311), Services to Buildings and Dwellings (5617)

SIC

Services-Facilities Support Management Services (8744), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Housing Facilities Management (Repairs, Custodial & Grounds Liaison) (EDALACAE)

akta.pro secondary industries

Student Housing Roommate Matching, Assignments & Occupancy Management (BPAJAJAJ), Co-Living Property Management (BPAJAFAJ)

Keywords

• Student housing management
• Multifamily property management
• On-campus housing services
• Third-party property management
• Hospitality-driven management

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Third-Party Property Management Fees: CLS Living charges management fees for operating properties owned by external investors, developers, and institutional partners. Revenue based on managed unit count and performance benchmarks.
2. Owned Asset Management: CLS Living manages the Vesper Holdings owned portfolio of 55+ student housing properties, providing integrated property management services as a subsidiary operation.
3. Asset Management Services: Oversight of financial performance, strategic planning, and operational management of properties held in joint ventures for institutional investors.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

CLS Living is a national residential property management company that operates three service divisions—On-Campus housing for universities, Student housing for off-campus communities, and Multifamily property management—across 33+ U.S. markets covering 10,300+ units and 32,000+ beds. The company provides full-service operations including leasing, marketing, resident experience programming, facilities maintenance, financial reporting, and asset management for property owners, developers, universities, and institutional investors, including its parent company's Vesper Holdings portfolio of 55+ student housing properties. Differentiated by a Five-Star Service Training platform built with Forbes Travel Guide, CLS 360 proprietary operational platform, and the boutique-hotel-inspired Autograph Collection sub-brand.

Product overview

CLS Living operates as a diversified property management company offering three primary service divisions—CLS On-Campus, CLS Student, and CLS Multifamily—underpinned by a proprietary operational platform called CLS 360 that provides Revenue Optimization, Expense Control, and Innovation & Implementation capabilities. The company differentiates through hospitality-driven service standards developed with Forbes Travel Guide, manifesting in signature sub-brand offerings like the Autograph Collection of boutique hotel-inspired properties featuring amenities such as THE JIM fitness centers, THE JOE Coffee Bars, and Orohena Spa. Internal talent development programs include the annual Legacy Conference, CLS Mentorship, and EXCELeration program. The portfolio spans over 10,300 units across 33+ markets managing on-campus housing, student communities, and conventional multifamily properties.

Differentiator

Problem solved

Functional benefit

Brands

• Autograph Collection: A signature collection of boutique hotel-inspired student housing communities featuring award-winning interior design, resort-style amenities including THE JIM fitness centers, THE JOE Coffee Bars, The Library, Elliot's Coffee, Orohena Spa, and The Swim Club. Properties include The Crimson, The Harrison, The Ivy, The Pacific, University Village, The Malibu, Woodland Mews, The Kristi, 20 Hawley, The Thompson, The Scarlet, The Domain, The London, The Vic, and The George.

Products and services

• CLS Living Property Management
• CLS On-Campus Housing Management
• CLS Student Housing Management
• CLS Multifamily Property Management
• Autograph Collection
• Asset Management Services

Quantifiable outcome

• 4.0 average Google community rating across properties
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Forbes Travel GuidecoreStrategic or Co-development PartnerCLS Living partnered with Forbes Travel Guide to develop proprietary 5-Star Service Training platform, integrating luxury hospitality standards into multifamily and student housing property management. Erin Mahone, SVP Innovation and Implementation, is certified by Forbes Travel Guide and developed the training curriculum.
• Vesper HoldingscoreOthersCLS Living is the subsidiary property management company of Vesper Holdings, a privately-held real estate investment firm based in New York City. Vesper Holdings owns 55+ properties including over 25,000 student housing beds.
• CBREminorChannel Partner/ Reseller/ DistributorCBRE represented sellers in Vesper Holdings/CLS Living acquisitions, including The Nine near University of Louisville.
• Walker & DunlopminorChannel Partner/ Reseller/ DistributorWalker & Dunlop represented sellers in acquisitions and placed debt financing for CLS/Vesper transactions, including The Hive near University of Iowa.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Peak Campus Management: Student housing property manager serving 75,000+ beds nationally. Competes directly with CLS Student division for off-campus management; CLS's CMO previously served as VP of Marketing at Peak Campus.
• Asset Living: Major third-party property manager with significant student housing and multifamily exposure. Several CLS operations and business development personnel came from Asset Living, reflecting direct competition for institutional management mandates.
• Campus Advantage: Student housing developer, owner, and operator with on-campus and off-campus focus. A CLS Operations Specialist was previously a General Manager at Campus Advantage, evidencing direct competition for talent and management contracts.
• RPM Living: Multifamily and student housing property manager with strong Texas presence. Competes with CLS Multifamily in CLS's largest geographic market and shares similar hospitality-driven service positioning.
• The Scion Group: Student housing-focused owner, operator, and developer with national scale. Competes directly with CLS for off-campus student housing management contracts and on-campus P3 partnerships with universities.
• Cardinal Group: National real estate management and investment firm covering student housing, multifamily, and senior living. Directly competes with CLS across multiple service lines and customer segments.
• Greystar: The largest student housing and multifamily property management company in the U.S., managing hundreds of thousands of beds. Directly competes with CLS for third-party management contracts; CLS's VP of Business Development was recruited from Greystar, signaling direct competitive overlap.

Broad incumbents

• American Campus Communities: Largest publicly-traded owner, developer, and manager of student housing. Multiple CLS executives (CFO, VP of Operations Support, VP of Construction, Director of Marketing) came from ACC, indicating strong overlap in operating playbook and customer base.

Emerging players

• Coastal Ridge Real Estate: Growing multifamily and student housing property manager with a national footprint. Competes with CLS for third-party management mandates, particularly in off-campus student housing markets.
• B.HOM Student Living: Boutique student housing property manager focused on luxury student living experiences. Closely comparable to CLS's Autograph Collection sub-brand and hospitality-driven positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Campus Life and Style