From The Magazine

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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Annex-Memphis

In a way, the dynamics of public-private partnerships (P3s) are the same as they’ve always been.  “The reasons why universities elect to go the P3 route haven’t changed much,” says Michael Baird, managing director of municipal finance for RBC Capital Markets. “For many, the decision is made based on speed to market. This happens when other alternatives can take years — resulting in an opportunity cost of not being able to provide housing to students that need housing now, in addition to increased development expenses as construction costs continue to increase year …

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International

The benefits of investing in and developing student housing abroad are much like the benefits of traveling or even studying abroad. It can open your eyes to other cultures, show you a different way of life and change your perspective on the “right” way of doing things.  “Our international footprint enables us to share best practices from around the world to innovate our developments,” says James Hunt, global head of real estate for GSA International.  But first, you have to understand the various global student housing markets to capitalize on …

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Bixby-College

It would be impossible to write a development or design article without mentioning the elephant in the room — the state of the capital markets and the current hurdles in securing financing of any sort, but especially for new development projects. While demand for new communities exists in many markets, getting projects to pencil is the tricky part. For those developments that can move forward, innovative architecture and design are being employed to make the projects as functional and efficient as possible. Out are some of the flashier amenities from …

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Haven-Apartments

It’s no secret that the investment sales market has been sluggish this year. But while sales volume is unquestionably slower, investors are still finding stabilized opportunities that are poised to deliver outsized yields in the near term, according to Timothy Bradley, founder of TSB Capital Advisors and principal with TSB Realty.  Most of the properties that are transacting can be found in Power Five university markets, or those that exhibit similar supply and demand metrics, notes Bradley. And the investors making these deals pencil tend to be experienced in the …

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Hub-Blacksburg

Harrison Street has built a very successful business by investing in alternative real estate asset classes. With more than $56 billion in assets under management, the firm has been a leading investor in the student housing sector for two decades. Leading the firm is co-founder and CEO Christopher Merrill. SHB recently spoke with Merrill to get his take on commercial real estate, and the student housing sector. SHB: What are your thoughts on the recent (late July) interest rate hike? How do you think it will affect the student housing …

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Furniture-Article

Each fall is a time to shine for furniture providers. With new projects coming online and owners and operators seeking to level up their accommodations before turn, the summer sees a flurry of activity with companies racing to accommodate multitudes of orders across the country.  Over the past few years, this time frame has also been plagued with a number of obstacles due to an unreliable supply chain during and immediately following the COVID-19 pandemic. This year, however, has seen a return to more normal operations, making turn/move-in once again …

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Mental-Health

In 2021, a number of off-campus housing providers came together to form the College Student Mental Wellness Advocacy Coalition (CSMWAC). The effort was started to support the mental well-being of off-campus housing residents, in hopes of providing them resources and programs. More than 26 off-campus student housing companies have since joined the effort. Student Housing Business recently interviewed several members of the CSMWAC’s board to find out more about the coalition and its initiatives. SHB spoke with Jonathan Bove, executive vice president, Landmark Properties; Richie Lasek, director of innovation and …

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