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Chris Epp of Walker & Dunlop, Student Housing Fundamentals quote from article

Student housing is capturing the attention of developers, investors and institutional lenders as university enrollment and record rent gains position the sector to outperform other property types. That’s one of the dominant themes evident in Walker & Dunlop’s recently released 2024 Student Housing Outlook. Although transaction volume declined to $5.7 billion in 2023 from the previous year’s all-time high of $24 billion, strong operating fundamentals are attracting new entrants to the sector, including institutional investors and lenders. “Student housing is entering a resurgence where we predict continued outperformance relative to …

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Summit on Juniper at Dartmouth College TMO The Michaels Organization. (Photo credit to Robert Smith of The Michaels Organization).

As housing costs rise, colleges, universities and developers are teaming up to address a widening affordability gap at their campuses by making housing available and attainable for the population that needs it. One of the developers leading this charge is The Michaels Organization, which is applying lessons learned in its 50 years of affordable housing development to create student housing dedicated to serving students, faculty and staff who would struggle to pay market rent. Student Housing Business queried Ned Williams, executive vice president of development at The Michaels Organization, about …

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Micah Hollingsworth TheGuarantors quote. Text reads: “Student rental income coverage can help leasing teams approve more students, save significant time on administrative tasks and minimize financial risk for every bed in their property.” — Micah Hollingsworth, Director of Student Housing, TheGuarantors

The student housing industry comes with a unique set of challenges that traditional multifamily operators don’t face. From renting to a demographic that has largely enjoyed rent-free living under mom and dad’s roof, to navigating the complexities of parental guarantors and financial aid, to grappling with no-shows and skips, student housing operators must carefully manage risks that can jeopardize occupancy and rental income. Solutions like lease guarantees are rapidly gaining traction in this market, offering a win-win approach that protects operators while expanding housing access for students. For most students, …

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Occupancy Student Housing Asset Living Jason Quote

Each year, the academic calendar requires student housing operators to compress revenue generation for the entire year into the nine or 10 months when students most need to rent their product. In that accelerated and ever-changing environment, management teams with the experience, skills and tools to respond quickly are in the best position to manage costs and drive growth. “I like to say that student housing moves in dog years — miss a day and you miss a week; miss a month and you could miss a year,” says Stacey …

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Kat Callender Student Housing Marketing

Competition for student renters grew heated in 2023, fueled by softening college enrollment and an influx of newly constructed student housing across Tier II cities. The slowed pace of leasing caught many owners by surprise, triggering an 11th-hour scramble to ramp up marketing. “A lot of student housing providers were not as full as they thought they would be this fall, with performance weighed down in the Tier II markets,” says Kat Callender, a student housing marketing expert at Conversion Logix. “Some properties were only 90 percent leased in July …

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Brad Hufford Dickson Furniture Reshoring

Supply-chain predicaments and rising costs forced many in the student housing industry into a holding pattern as the 2021–2023 global supply chain crisis took its toll. Materials and shipments were caught in limbo while properties and their students had to wait for deliveries on a drastically expanded timeline. Fortunately, those challenges have greatly subsided, according to most industry experts. Freight costs have fallen below their pre-pandemic rates, providing some relief for furniture manufacturers that rely on overseas shipments. However, savvy student housing experts are taking the present moment to review …

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Amanda Bowen Custom Furniture Experience Case Studies

Properly scheduling job site deliveries and services can prevent days of delay and added costs that arise when pivotal events in a project overlap. Even experienced student housing developers can forget this, not to mention new entrants to the industry, who may have only vague notions of the time and resources required to complete the many construction and vendor tasks that lead up to student move-ins. Just ask Amanda Bowen, director of business relations at Dickson Furniture Manufacturers. This summer, her team arrived on the appointed day to install furnishings …

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Interior Designer Talks Student Housing Trends

Interior design can be vital to success in student housing. Marketing can be a joy when a property’s layout, hues and textures consistently wow potential residents during walkthroughs, and when thoughtfully planned and engaging, amenities help close the deal on lease after lease. Equally important is how well the selection of materials, fixtures, furnishings and appliances stand up to daily use and abuse by a student resident population, which can strain everything from exercise machines and outdoor equipment to study room furniture and electronics. To learn what owners and developers …

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ISP Student Housing Zavala quote

Moving in residents for the new school year is typically the most challenging season on a student housing manager’s calendar. In a matter of days, arriving tenants transform properties from a state of anticipatory stillness into a teeming hive of carts, boxes and people eager to settle into their units and connect their devices. “Students are sophisticated, high-volume Internet users,” observes Alfredo Zavala, an account coordinator on Pavlov Media’s account management team. “They expect to be connected to the Internet almost before they arrive.” “An Internet service provider that addresses …

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Dickson Furniture Manufacturers ESG LEED

Student Housing Business spoke with chief customer officer, Adam Ames, and director of sales, Kris Benson, to learn how Dickson Furniture Manufacturers continues to innovate as the student housing industry evolves, as well as the significance of adhering to environmental, social and governance frameworks and Leadership in Energy and Environmental Design (LEED) certification requirements. Dickson’s competitive advantage begins with its oversight and quality control capabilities. With local resources and domestic production and distribution, Dickson provides unmatched customization as well as a commitment to customer service no matter the circumstances. “Most …

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