Campus Apartments’ CEO Named Homewood Suites® Developer of the Year for Hilton Worldwide

David Adelman is First Student Housing Developer to Receive Honor

PHILADELPHIA, PA – May 15, 2013 – Campus Apartments, a national leader in the development and management of university-affiliated real estate, announces that President and CEO David Adelman was named the 2012 Homewood Suites Developer of the Year for Hilton Worldwide. One developer from each of Hilton’s Focused Service Brands is recognized with this honor annually.

After recognizing the growing demand for extended-stay accommodations in Philadelphia’s University City District, Adelman and the development team at Campus Apartments broke ground on the company’s first hotel development, Homewood Suites by Hilton® - University City, in December 2010. The upscale extended-stay hotel, located at 4109 Walnut Street, provides residential-style accommodations for the many visitors of neighboring academic and healthcare institutions, including the University of Pennsylvania, Penn Medicine and The Children’s Hospital of Philadelphia, among others. After 18 months of development, the hotel opened in May 2012.

“For over five decades, Campus Apartments has supported the burgeoning community of University City and contributed to its growth through commercial and residential real estate development,” said Adelman. “With a world-class hub for education and science just a few blocks away, the hotel provides families, patients and researchers a comfortable and sustainable place to live, proving that extended- stay hotels can be the right solution for neighborhoods like University City. This recognition underscores not just the hotel, but the continued growth of the entire community.”

In addition to catering to long-term travel needs, Homewood Suites by Hilton® - University City was designed and constructed to meet green building standards. By reducing energy consumption and incorporating a multitude of green features into the hotel’s design, the building is 25 percent more efficient than the current building code, serving as an example for progressive sustainable architecture within the hospitality industry. In November 2012, the hotel achieved Silver-level certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) and became the first LEED®-certified hotel for the Homewood Suites by Hilton brand.

“The recognition as Homewood Suites Developer of the Year is granted only to select individuals whose work truly exceeds expectations and embodies the Homewood Suites brand,” said Bill Duncan, global head, Homewood Suites by Hilton. “David’s leadership and ingenuity are illustrated in his innovative approach to complement Campus Apartments’ student housing portfolio with this hotel, which has ultimately benefited University City both economically and environmentally and earned Homewood Suites by Hilton its first LEED® certification.”

The 110,000-square-foot hotel offers 136 suites averaging approximately 500 square feet each, featuring full kitchens, dining tables and separate work areas with phone and complimentary Internet access. Additional amenities include a complimentary shuttle service throughout University City, a state-

of-the-art fitness center, indoor swimming pool and whirlpool, 24-hour Suite Shop, business center and approximately 800 square feet of flexible meeting space.

About Campus Apartments

Campus Apartments, LLC, the oldest and one of the largest privately held student housing companies in the nation, is a leader in the development and management of university-affiliated real estate. The company has more than $2 billion worth of assets under management with more than 34,500 beds in 25 states. For more information on Campus Apartments, please visit www.campusapts.com.

About Homewood Suites by Hilton™

Homewood Suites by Hilton is an upscale, all-suite, residential-style hotel with more than 300 hotels open in the United States, Mexico and Canada. Voted “Top Extended-Stay” hotel by J.D. Power and Associates, Homewood Suites by Hilton is the first choice for guests seeking comfortable, home-like accommodations when traveling for an extended stay. Beyond its spacious suites, which feature separate living and sleeping areas, and fully equipped kitchens with full sized refrigerators, additional value-driven amenities include: complimentary Internet, a daily full-hot breakfast, and healthy, delicious evening meals with drinks every Monday-Thursday**. The brand is focused on guest satisfaction and stands behind each stay with its 100% Suite Assurance® guarantee. For more information, please visit www.homewoodsuites.com. *Service of alcohol subject to state and local laws. Must be of legal drinking age.

About Hilton Worldwide

Hilton Worldwide is a leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 93 years, Hilton Worldwide has offered business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,900 hotels and timeshare properties, with 640,000 rooms in 91 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®. Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide.