Park7 Group
Park7 Group is a privately held, vertically integrated developer, owner, and operator of large-scale, purpose-built student housing communities in major U.S. college towns, managing over 6,000 existing beds across at least nine markets with a multi-brand portfolio (Icon, Park Place, The Avenue, Empire) and serving individual college student tenants.
- Company typePrivate
- Founded2010
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Park7 Group does
Park7 Group is a New York-based, vertically integrated developer, owner, and operator of large-scale, purpose-built student housing properties in major U.S. university markets. Founded in 2010 by Ron Gatehouse (CEO), Beejan Savabi (EVP, Property Operations), and Paul Levine (EVP, Development), the firm traces its lineage to the founders' prior venture, Copper Beech Townhomes, which they grew to over 16,000 beds across 32 properties in 12 states before selling to public REIT Campus Crest for more than $900 million in March 2013. Park7 has since completed approximately $750 million in student housing development since breaking ground on its first project in October 2012, and currently owns and manages over 6,000 existing beds with 3,500 additional beds under construction and 1,800+ beds in acquisition or permitting stages, representing more than $520 million in total asset value.
The company operates four product brands — Icon (premium), Park Place (upscale), The Avenue (modern), and Empire (luxury) — across at least nine college towns in Florida, Texas, Arizona, Nevada, South Carolina, Missouri, Louisiana, and Maine, with individual properties ranging from studios to five-bedroom layouts and amenity packages that include rooftop pools, fitness centers, and study lounges. Park7's go-to-market is sales-led, with on-site property management teams conducting direct annual and per-semester leasing to individual college students; revenue is generated primarily through recurring rental income on owned beds, supplemented by development/construction activity on the ground-up pipeline. Notable ongoing projects include the $100M+, 804-bed Icon at Tallahassee with Hoar Construction as general contractor, scheduled for fall 2028 completion.
The platform is supported by a lean team of 51-100 employees, third-party property management technology (Entrata), and standard PCI-DSS payment compliance. The privacy policy references machine learning used for internal data extraction and warehouse loading, but no proprietary AI/ML products, data flywheels, or research output are disclosed. No external funding rounds, institutional investors, or public listings are identified; the company remains a privately held LLC (Park7 Management LLC) under founder management control.
Park7 Group firmographics
Firmographics- Name
- Park7 Group
- Legal name
- Park7 Management LLC
- Website
- https://park7group.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Park7 Group is a privately held, vertically integrated developer, owner, and operator of large-scale, purpose-built student housing communities in major U.S. college towns, managing over 6,000 existing beds across at least nine markets with a multi-brand portfolio (Icon, Park Place, The Avenue, Empire) and serving individual college student tenants.
- Ownership category
- akta.pro rank
Park7 Group industry classification
Industry- Product category
- Student Housing Real Estate Development & Management
- NAICS
- Rooming and Boarding Houses, Dormitories, and Workers' Camps (72131), Rental and Leasing Services (532)
- SIC
- General Bldg Contractors - Residential Bldgs (1520), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Student Housing Property Management (BPAJAFAF)
- akta.pro secondary industry
- Student Housing Property Management & Leasing Operators (THAMAGAK)
Keywords
Where Park7 Group is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Park7 Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Student Housing Leasing: Revenue generated from leasing beds to college students in purpose-built student housing communities. The company serves as both owner and operator, collecting rental income across its portfolio of over 6,000 existing beds.
- Development and Construction: Revenue from ground-up development of student housing properties. Park7 has developed $750 million in student housing properties since 2012 and currently has 3,500 beds under construction.
- Property Management Services: Industry-leading property and asset management services provided to owned assets, integrating real estate development, construction, and management under one ownership mentality.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Park7 Group product offering
Product offeringCore offering
Park7 Group develops, owns, and operates large-scale, purpose-built student housing properties in major college-town university markets across the United States. The company integrates real estate development, construction, ownership, and property/asset management under a single platform, currently managing over 6,000 existing beds with 3,500 additional beds under construction across nine college towns. Properties include premium, upscale, modern, and luxury student living communities offered under branded series (Icon, Park Place, The Avenue, Boulevard, Empire) featuring amenities such as rooftop pools, fitness centers, and study lounges.
Product overview
Park7 Group operates as a vertically integrated student housing platform offering development, ownership, and property management services for large-scale, purpose-built student housing communities. The company's portfolio includes multiple branded property series: Icon (premium student housing), Park Place (upscale student living), The Avenue (modern student housing), and Empire (luxury student housing). These properties are located across college towns in multiple states including Florida, Texas, Arizona, Nevada, South Carolina, Missouri, Louisiana, Maine, and Connecticut. Park7's integrated model enables them to develop new properties, own assets within their portfolio, and provide ongoing property and asset management services to their residents.
Differentiator
Problem solved
Functional benefit
Products and services
- Student Housing Development Ground-up development of large-scale, purpose-built student housing communities in college towns across the United States. Park7 acquires and entitles land parcels, designs and constructs buildings, and lease-ups new communities to college students. Cumulative $750 million of student housing developed since the first project broke ground in October 2012.
- Student Housing Property & Asset Management Industry-leading property and asset management services for owned student housing communities, integrating real estate development, construction, and management under one ownership mentality. Includes leasing, on-site operations, maintenance, and ongoing asset management delivered by Park7's in-house teams.
- Icon at Tallahassee Nine-story, $100M+ student housing community in Tallahassee, Florida with 804 beds across studio to five-bedroom layouts, featuring amenities including a rooftop pool, fitness center, and study lounges. Hoar Construction is the general contractor with completion scheduled for fall 2028.
- Icon at Austin Student housing property under the Icon (premium) brand series serving the Austin, Texas university market.
- Park Place Flagstaff Student housing property under the Park Place (upscale) brand series serving the Flagstaff, Arizona university market.
- Park Place at Tampa Student housing property under the Park Place (upscale) brand series serving the Tampa, Florida university market.
- Park Place Denton Student housing property under the Park Place (upscale) brand series serving the Denton, Texas university market.
- Boulevard Tallahassee Student housing property under the Boulevard brand serving the Tallahassee, Florida university market.
- Park Place Reno Student housing property under the Park Place (upscale) brand series serving the Reno, Nevada university market.
- Empire Columbia Student housing property under the Empire (luxury) brand series serving the Columbia, South Carolina university market.
- Park Place Columbia Student housing property under the Park Place (upscale) brand series serving the Columbia, Missouri university market.
- The Avenue at Lubbock Student housing property under The Avenue (modern) brand series serving the Lubbock, Texas university market.
- Park Place at Arlington Student housing property under the Park Place (upscale) brand series serving the Arlington, Texas university market.
- Park Place Baton Rouge Student housing property under the Park Place (upscale) brand series serving the Baton Rouge, Louisiana university market.
- The Avenue at Orono Student housing property under The Avenue (modern) brand series serving the Orono, Maine university market.
- Park Place Tempe Student housing property under the Park Place (upscale) brand series serving the Tempe, Arizona university market.
- Park Place Waco Student housing property under the Park Place (upscale) brand series serving the Waco, Texas university market.
- The Avenue at San Marcos Student housing property under The Avenue (modern) brand series serving the San Marcos, Texas university market.
Quantifiable outcome
- Consistent occupancy rates of 97-99%
- +1 more outcomes
Companies that use Park7 Group
Customer profileSegments1 record
Ideal customer profiles1 record
Park7 Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Park7 Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Hoar ConstructioncoreHoar Construction is serving as the general contractor for the Icon Tallahassee development, a $100M+ nine-story student housing community. This partnership aligns with Hoar's strategy to expand its Florida portfolio, which includes over $750 million in projects completed statewide over the past five years.
Scale indicators10 records
Recent moves6 records
Expansion highlights3 records
Park7 Group competitors and assessment
Company assessmentDirect peers
- The Scion Group: Vertically integrated developer, owner, and operator of large-scale, purpose-built student housing across U.S. college markets. Closest comparable on integrated model and target customer (college students in major university towns), competing head-to-head in multiple states where Park7 also operates.
- Greystar Real Estate Partners: Largest U.S. student housing operator and a top multifamily manager overall. While larger and broader than Park7, Greystar operates overlapping purpose-built student housing portfolios in many of the same markets and is the dominant third-party management competitor in the space.
- CA Student Living: Vertically integrated developer, owner, and operator of student housing communities, primarily in the Southeast. Closely mirrors Park7's integrated model and competes for similar university markets and resident demographics.
- EDR (owned by Greystar): Formerly independent student housing owner/operator (now part of Greystar), developed and managed purpose-built student housing at scale. Was one of the largest direct competitors to Park7/Copper Beech in the period before its acquisition.
- Asset Living: Large national property manager with a substantial student housing portfolio. Competes with Park7 for management mandates and operates purpose-built communities serving the same university student demographic across multiple U.S. states.
- RISE Real Estate (RISE): Develops, owns, and manages purpose-built student housing communities in select university markets. Direct comparable to Park7 on integrated model and product offering, with overlapping geographies in some Sunbelt markets.
- Capstone Real Estate Solutions: Develops and manages purpose-built student housing in markets across the Sunbelt and Southeast. Direct competitor to Park7 in student housing ground-up development and third-party management, with similar amenitized product positioning.
Others
- Blue Vista Capital Management: Private equity firm focused on U.S. middle-market real estate including student housing. Both a competitor for development/ownership deals and a potential capital partner for sponsors at Park7's stage.
- Harrison Street Real Estate Capital: Major alternative asset manager with significant dedicated student housing investment program. An indirect peer — Harrison Street often acquires stabilized portfolios from developers like Park7 and competes for capital allocation in the same subsector.
Broad incumbents
- American Campus Communities (Blackstone-owned): One of the largest publicly-traded (now Blackstone-owned) student housing REITs, owning and operating approximately $20B+ of student housing assets across the U.S. Operates at meaningfully larger scale than Park7 but competes in the same purpose-built product category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Park7 Group social profiles
Digital presencePark7 Group compliance and trust
Trust signalCompliance1 record
Park7 Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Park7 Group leadership team
Management profileNumber of profiles
Profiles4 records
Park7 Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Park7 Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Park7 Group
What does Park7 Group do?
Park7 Group develops, owns, and operates large-scale, purpose-built student housing properties in major college-town university markets across the United States. The company integrates real estate development, construction, ownership, and property/asset management under a single platform, currently managing over 6,000 existing beds with 3,500 additional beds under construction across nine college towns. Properties include premium, upscale, modern, and luxury student living communities offered under branded series (Icon, Park Place, The Avenue, Boulevard, Empire) featuring amenities such as rooftop pools, fitness centers, and study lounges.
Is Park7 Group a public or private company?
Park7 Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Park7 Group founded?
Park7 Group was founded in 2010. It employs 51 to 100 people.
Where is Park7 Group based?
Park7 Group is headquartered in New York, United States, in the North America region.
How does Park7 Group make money?
Three revenue lines are on record. Student Housing Leasing is the primary driver. The others are development and Construction and property Management Services.
Who are Park7 Group's main competitors?
Direct peers on record are The Scion Group, Greystar Real Estate Partners, CA Student Living, EDR (owned by Greystar), Asset Living, RISE Real Estate (RISE) and Capstone Real Estate Solutions. Others are Blue Vista Capital Management and Harrison Street Real Estate Capital. American Campus Communities (Blackstone-owned) is listed as a broad incumbent.
Does Park7 Group have an API?
No public API is recorded for Park7 Group.
What industry is Park7 Group in?
Park7 Group's product category is Student Housing Real Estate Development & Management. Its primary akta.pro industry code is BPAJAFAF, Student Housing Property Management, with a secondary code of THAMAGAK, Student Housing Property Management & Leasing Operators. Its NAICS code is 72131 and its SIC code is 1520.