Student housing firm to build at Emory Univ.

Campus Apartments Inc., Philadelphia, today said it will develop a $27 million graduate student housing complex at Emory University in Atlanta.

The 398-bed, 201-unit building will be constructed on university-owned land under long-term lease to Campus Apartments, which will privately finance, develop and operate the project, the company said. The building is expected to be ready for use at the start of the 2009 academic year.

Campus Apartments owns or manages housing for 16,000 students in 14 states.