From The Magazine

Union-Knox

The number of public-private partnerships (P3s) between seasoned student housing developers and universities is on the rise, and it isn’t too difficult to see why. Undergraduate and graduate student enrollment is growing at institutions across the United States, and at least a portion of the undergraduate population at many universities is required to live on-campus. This fact alone would suggest that institutions might be looking to add to their on-campus housing stock — and quickly, at that, if their current offerings won’t accommodate the number of new students entering campus …

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FIU-Mark-Cook

As the sector readies for a new generation of students to enter campuses — Generation Alpha — a few of the ‘tried and true’ amenity spaces that were hot with millennials or Gen Z have fallen by the wayside. Golf simulators, movie theaters and bohemian styling with baskets and lots of greenery are just a few of the once popular design choices that are now on the outs, according to Lucy Harrison, brand marketing manager with SouthPark Interiors.   Gone, too, are the days of designing one ‘Instagramable’ moment for …

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D12-Furniture

While some things change, others remain the same. The need for multi-functional, durable furniture remains at the top of developer and owner wish lists when it comes to interiors. But the desired look and feel of this furniture has changed significantly.  Bright, bold furniture pieces are being replaced by muted, more sophisticated designs with a focus on sustainable materials and colors that evoke the feeling of being out in nature. Pops of color remain, but they’re more elevated to capture the eye of design-minded students in keeping with the industry’s …

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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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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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ACC-Georgetown

Undergraduate enrollment at colleges and universities is on an upswing post-pandemic. This number grew by 1.2 percent in fall 2023, marking the first increase since COVID, notes the National Student Clearinghouse Research Center. This is great news for the higher education sector, which was hit hard during and immediately following the pandemic.  The problem now is finding ways to offer these students — particularly the incoming freshmen — housing accommodations when room is scarce and costs are higher than ever.  Von Stange, assistant vice president for student life and senior director …

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Greystar Manoa

Enrollment is continuing to rise at many universities across the country — a fact which, alone, would be likely to substantiate a rise in public-private partnership (P3) development starts. This anticipated increase in P3 activity is even more likely to occur when viewed through the lens of the current economic environment, which is making financing of any sort tricky, but particularly for new development.  With more P3 projects expected, we’re also likely to see a growing number of on-campus  third-party management assignments. So what are the issues and trends today …

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LeaseCon

To centralize or not to centralize? This is one of the hot questions in the industry today as more companies are making the move to centralize leasing and operations efforts. But what does it look like in reality? And is it the right move for your company?  A number of industry professionals weighed in on the topic at Student Housing Business’ fifth annual LeaseCon/TurnCon conference, which took place December 4-5, 2023 in Charlotte, North Carolina.  The panel discussion included Kendra Woodley, director of sales with The Scion Group; Phil Ginsburg, …

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ReflectionStudentGeorgiaTech

From a leasing perspective, the numbers are almost too good to be true. Pre-leasing levels for the upcoming academic year are off the charts — a statement which feels almost saccharine given the past several years have also topped the charts. And to add even further sweetness,  occupancy rates in general are peaking and rental rates are growing across most markets, with some hitting double digit growth — a feat in the current economic environment.  And as if it couldn’t get better, properties are leasing up earlier than ever. “The …

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Lawrence

Student housing’s strong occupancy rates and rent growth stand out as a bright spot when compared with the rest of commercial real estate sectors, many of which turned in a lackluster performance over the past year. Student housing rental rates at the nation’s top 175 universities increased an average of nearly 8 percent in the 2022-2023 academic year while occupancy in the fall of 2023 was 150 basis points higher than the average occupancy rate over the five preceding falls, according to Berkadia’s 2023 Student Housing Pipeline Report.  Pre-leasing heading …

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