Compass Sleep Products has signed its first contract deal: an order for 1,600 mattresses from the University of Kentucky for student dormitories. The transaction is in partnership with Greystar, one of the largest real estate management companies in the United States.
As part of this partnership, Greenville, Florida-based Compass is manufacturing an exclusive private-label mattress collection with pure guard padding, 680 pocket-coil springs and 2 inches of Serene foam, finished with a tape edge and an FR nylon zipper cover.
“Sleep has not always been considered a key selling point for universities, but when you think about how demanding the life of a college student really is with extracurricular activities, sports and studying, it makes sense to provide students with mattresses that will increase the amount of REM sleep they experience,” said Ricky Riley, CEO of Compass.
Without a good night’s sleep, he added, “grades suffer, sports performance suffers and performance overall is less than optimal. Greystar is putting an emphasis on the quality of sleep that students experience, and that is the kind of company we want to partner with. When we looked at their core values — integrity, equality, professionalism, accountability, service and teamwork — we found we were incredibly aligned.”
Founded in 1993 with a desire to find better support in rental housing units, Greystar has evolved to service roughly 740,000 units and beds in rental housing, apartment complexes and student housing both on and off campuses. The company currently employs more than 22,000 people, services 234 global markets and occupies 66 offices.