PHILLIPS Enterprises Holdings

What PHILLIPS Enterprises Holdings does

PHILLIPS Enterprises Holdings, LLC is a privately held, family-owned investment and operating company focused exclusively on the student housing sector. The firm was founded in Austin, TX in 1998 and is now headquartered in Charlotte, NC, with additional offices in Las Vegas, NV and Phoenix, AZ. The company owns and operates 28 institutional-grade, Class A student housing properties totaling more than 10,000 beds across 8 university markets in 7 states, including anchor holdings near the University of Toledo (5,620 beds), University of Connecticut (1,614 beds), East Tennessee State University, Georgia Southern University, University of North Carolina Wilmington, Louisiana Tech University, University of Missouri, and Miami University. Leadership is concentrated in the Phillips family, with Eric G. Phillips as Founder & CEO, Robert S. Phillips as Founder & President, and Michael A. Phillips as CFO.

Name

PHILLIPS Enterprises Holdings

Legal name

PHILLIPS Enterprises Holdings, LLC

Website

https://phillips.enterprises

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

PHILLIPS Enterprises Holdings is a family-owned owner-operator of institutional-grade student housing, owning and managing 28 Class A properties with 10,000+ beds across 8 university markets in 7 states.

Ownership category

akta.pro rank

Product category

Student Housing Investment & Property Management

NAICS

Portfolio Management and Investment Advice (52394), Offices of Other Holding Companies (551112)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

Keywords

• Student housing investment
• Property management services
• Institutional real estate
• Residential leasing
• Specialty investment management

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Rental Income from Owned Properties: PHILLIPS Enterprises owns and manages student housing communities, generating revenue through residential rental income from leased beds to college students. The company is a true owner-operator with direct ownership in every asset. Rental income is driven by occupancy rates (properties are consistently 100% occupied) and the ability to push rental rates due to limited purpose-built supply near university campuses.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

PHILLIPS Enterprises Holdings is a private, family-owned investment management firm that exclusively owns, operates, and manages Class A purpose-built student housing communities near major U.S. universities. The firm operates a true owner-operator model with direct ownership across its 28-property, 10,000+ bed portfolio spanning 8 university markets in 7 states, generating revenue through residential rental income from student tenants while offering institutional investors co-investment opportunities via a dedicated investor portal.

Product overview

PHILLIPS Enterprises is a student housing investment and operating company offering a portfolio of 28 institutional-grade student housing properties across 8 university markets in 7 states, totaling over 10,000 beds. The company operates through two entities: PHILLIPS Enterprises handles investment strategy and asset management, while PHILLIPS Management executes property operations. The portfolio includes properties such as University Edge, Progress 910, Monarch 301, University Crossing, Oxford West, and portfolios at University of Missouri, University of Connecticut, and University of Toledo.

Differentiator

Problem solved

Functional benefit

Products and services

• University Edge Class A student housing asset located one-third of a mile from East Tennessee State University in Johnson City, TN, offering 624 beds with amenities including a resort-style pool, private movie theater, and fitness center; targeted at ETSU students.
• Progress 910 Class A student housing property located one mile from the University of North Carolina Wilmington, featuring 528 beds with resort-style pool, cyber cafe study lounge, and fitness center; targeted at UNCW students.
• Monarch 301 Premier Class A student housing community adjacent to Georgia Southern University in Statesboro, GA, with 546 beds featuring luxury finishes, 100% bed/bath parity, and a 10,000+ SF clubhouse; targeted at GSU students.
• University Crossing Student housing property serving Louisiana Tech University in Ruston, LA, with 552 beds; targeted at Louisiana Tech students.
• Oxford West Student housing property serving Miami University in Oxford, OH, with 546 beds; targeted at Miami University students.
• University of Missouri Portfolio Student housing portfolio asset serving the University of Missouri in Columbia, MO, comprising 597 beds; targeted at MU students.
• University of Connecticut Portfolio Student housing portfolio serving the University of Connecticut in Storrs, CT, with 1,614 beds; targeted at UConn students.
• University of Toledo Portfolio Student housing portfolio serving the University of Toledo in Toledo, OH, with 5,620 beds — the largest single holding in the portfolio; targeted at UToledo students.
• PHILLIPS Management Property operations subsidiary of PHILLIPS Enterprises that handles day-to-day property management for all student housing assets in the portfolio.

Quantifiable outcome

• Properties consistently achieve 100% occupancy
• +3 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• American Campus Communities (Blackstone): American Campus Communities was the largest publicly traded student housing REIT before its 2022 take-private by Blackstone. It owned and operated on-campus and off-campus student housing at scale across top US university markets, representing the institutional incumbent PHILLIPS competes against for capital and assets.
• Greystar Real Estate Partners: Greystar is the largest student housing operator globally and the largest multifamily manager in the US. It competes with PHILLIPS for student housing acquisitions, manages third-party owned assets in the same markets, and offers the institutional platform PHILLIPS aspires to scale toward.

Direct peers

• The Scion Group: The Scion Group is a closely held student housing owner-operator that acquires, develops, and manages Class A properties near major US universities. Highly comparable to PHILLIPS in business model: integrated owner-operator, institutional investor co-investment, and exclusive focus on student housing.
• Core Spaces: Core Spaces is a student housing developer and operator focused on large-format, amenity-rich properties in top university markets. Comparable to PHILLIPS in operating Class A off-campus student housing, though Core Spaces targets higher-tier universities.
• CWS Capital Partners: CWS Capital Partners is a real estate investment manager with a dedicated student housing portfolio across US universities. Comparable to PHILLIPS in investor-facing platform model, co-investment offerings, and exclusive student housing focus.
• Capstone Collegiate Communities: Capstone Collegiate Communities is a student housing owner-operator focused on serving mid-tier universities, often in the Southeast and Midwest. Directly comparable to PHILLIPS by asset class focus, university tier, and integrated ownership-plus-management approach.
• PeakMade Real Estate Group: PeakMade is a student housing and multifamily real estate operator with a focus on off-campus housing near major universities. Comparable to PHILLIPS in student housing specialization, third-party management services, and institutional investor relationships.
• Asset Campus Housing: Asset Campus Housing is a student housing property management and ownership firm serving institutional owners. Directly comparable to PHILLIPS Management, the property operations subsidiary of PHILLIPS Enterprises.
• Landmark Properties: Landmark Properties is a vertically integrated student housing developer, owner, and operator. It competes with PHILLIPS for development sites, institutional capital, and university partnerships in similar off-campus markets.
• Balfour Beatty Campus Solutions: Balfour Beatty Campus Solutions develops, finances, and manages student housing through public-private partnerships with universities. Comparable to PHILLIPS in serving university housing needs, though typically via P3 on-campus structures rather than off-campus ownership.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/phillips-enterprises

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 PHILLIPS Enterprises Holdings