Features

Accolade

If there’s one thing that’s ever changing, it’s college students. Their opinions, preferences and needs evolve during their four-year (hopefully) college careers. They are the opposite of, say, buildings, which are relatively permanent, immoveable and oftentimes iconic.  Yet, one has to serve the other. Again and again. And not just those students for those four years, but student after student, year after year. Just as one cohort exits their college career, another will begin, ushering with it a whole new set of opinions, preferences and needs.  This creates a tall …

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Austin-Maddox

Amid the online shopping boom, college students rely on deliveries for everything from basic necessities and room furnishings to textbooks and medicine. Whether living on or off campus, students (and their parents) subjected to late, lost or stolen packages quickly become disgruntled — and are likely to share those negative experiences with university leadership, property managers or worse yet, publicly on social media.  Mismanaged and stolen packages impact brand reputation E-commerce has become the way of the world. U.S. Census Bureau data indicates the e-commerce sector nearly tripled its retail …

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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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Ira-Singer

Student housing may be experiencing a surge in demand, but the large, glitzy new Class A buildings are out of reach for many college students. Tenants looking at Class B housing pay rent, too. A growing number of budget-conscious students and their families are seeking more affordable — but still safe, fun and comfortable — alternatives.  Affordability doesn’t have to mean sacrificing amenities or aesthetics. Renovations that strike a balance between cost-effectiveness and quality can meet and even exceed the expectations of today’s students while remaining within a reasonable budget.  However, …

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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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Parallel-Lumen

The push to create affordable housing is creeping into student housing properties, further blurring the line that distinguishes the category from conventional multifamily assets. Municipal policies are largely driving the movement. Although the programs differ from one city to the next, they typically offer private developers density bonuses, fee waivers and other incentives to build the housing and secure long-term commitments to affordability with deed restrictions or other agreements. Some cities allow developers to contribute to a public housing fund to either opt out of providing on-site affordable units or …

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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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Power-Panel

Austin, Texas — It’s no secret that today’s commercial real estate market can be challenging, whether you’re looking to break ground on a new project or close a transaction. But there’s plenty to be optimistic about in the student housing sector moving forward, according to Peter Katz, executive managing director of Institutional Property Advisors. Katz moderated this year’s ‘Power Panel,’ which kicked off the first full day of the 16th annual InterFace Student Housing conference, held at the JW Marriott in Austin, Texas. The panel brought together a consortium of …

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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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Conversion Logix Student Housing Marketing panel

The April 3 webinar “Targeting to the Tier — Tailored Student Housing Marketing Strategies,” hosted by Student Housing Business and sponsored by Conversion Logix, focused on how operators can spend less per lead and increase the volume of leads delivered, all while staying within a budget. This approach is especially important in an industry where budgets are limited and fixed. Tune in to learn about student housing marketing trends and timing information as well as predictions for how the market will change in 2024 and beyond. Register here to learn more about these topics and …

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