Campus Advantage Announces New CFO

August 28, 2006

For Immediate Release:

Campus Advantage Announces New CFO

AUSTIN, Texas --(Service)—August 28, 2006—Campus Advantage, Inc. today announced that Mark J. Hager has joined the firm as Executive Vice President & Chief Financial Officer. Mark is the former Executive Vice President & Chief Financial Officer and treasurer of American Campus Communities (NYSE:ACC) in Austin, Texas.

Mark joins Campus Advantage from Lajitas, The Ultimate Resort, where during the last year he has served as interim CFO. He was an executive at ACC from 1999 to 2005 during their most significant period of pre-IPO growth, culminating in the company’s initial public offering as a REIT in August 2004. Previously, Mark also served as Vice President - Finance and Chief Financial Officer for Oklahoma Christian University and Vice President, Corporate Controller for Crested Butte Mountain Resort . Mark is a CPA licensed in Texas and Oklahoma. and has held positions in the assurance practices of Ernst & Young , Grant Thornton and Price Waterhouse. Mark holds a bachelor’s degree in Business Administration–Accounting from Abilene Christian University.

“We are obviously very pleased to have Mark’s exceptional talent and experienced leadership on our team,” said Michael J. Peter, Campus Advantage President and Chief Executive Officer, “his in-depth student housing knowledge and track record for building strong financial and administrative infrastructure is unmatched in our industry. We know his contribution will further our efforts to become the recognized leader in the field of student housing management.”

About Campus Advantage, Inc.

Campus Advantage, Inc. manages & operates over 16,000 student housing beds in 32 communities located on or near college & university campuses throughout the
United States
.

CONTACT:

Michael Peter, President & CEO, 512.472.6222 or www.CampusADV.com

Campus Advantage Selected To Manage The Dobie Center

Campus Advantage Selected To Manage The Dobie Center

For Immediate Release:

June 22, 2006

Campus Advantage now manages the luxury high rise Dobie Center student housing complex, serving students attending the University of Texas in Austin. Dobie Center offers premier student living with exceptional amenities and services including a four screen movie theatre, 96,000 feet of student oriented retail space, a 668 parking space garage and a full service dining facility. Campus Advantage brings their award winning Residence Life program and outstanding customer service to this modern community serving students attending the largest university in the United States. Campus Advantage was chosen to manage the property based on their experience and dedication to student housing management. “Apart from the core mission of learning, there are few things more important to a student than their housing and quality of life” says Chip Schell, Vice President of Operations for Campus Advantage. “Our team consistently exceeds expectations.”

Dobie Center is comprised of fully furnished suite styled units with a total of 975 student beds. Leasing at the Dobie is by-the-bed, allowing students to avoid the hassle of traditional leases yet providing all of the benefits of living with other roommates and includes weekly housekeeping. The property includes a mall, 500 seat food court, video arcade and boutique stores. Also available to students are the pool, gym, tanning deck, volleyball and basketball courts. The Dobie is directly across 21^st Street from the UT campus and has direct access to popular student restaurants and social venues.

The mall enjoys an outstanding location at the corner of 21^st Street and Whitis Avenue. This is one of the three primary routes for vehicular and foot traffic onto the campus from the densely populated West Campus area or from Guadalupe Street. This intersection is the only one between MLK Boulevard and 26^th Street that has a protected left turn for south bound Guadalupe traffic. This allows for easier access to the mall and tower. Over the next few months, you will begin to see changes in the mall that will provide for an updated look. For further information on these spaces or possible future openings, please contact Chip Schell with Campus Advantage at 512-472-6222, extension 206 or Stuart Davis at extension 211 or visit www.campusadv.com

Other important demographic features of this area include:

· Approximately 70,000 students, faculty, and staff that populate the university on a daily bases during the regular school year

· 36,000 office workers within a 12 minute walk or 3 minute drive

· 25,000+ cars per day cross the intersection of Guadalupe and 21^st Street.

For more information about Campus Advantage, please go to www.CampusAdv.com or call Michael Peter at 512.472.6222.