From The Magazine

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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Hub-Knoxville-Student-Housing

Everyone is feeling the pinch from interest rates and inflation, including student housing developers and the residents they must pass some of those costs onto.  “The escalating cost of construction presents a unique challenge in student housing as there are a finite number of prospective residents that can afford to pay the premium rates that new development commands,” says Ken Carl, senior managing director of student housing and multifamily at Kayne Anderson Real Estate.  For some development teams, this means adding more residences to spread out the costs.  “Developers have needed to …

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COCM-Company-Profile

COCM has consistently ranked as the top third-party management company of on-campus properties in Student Housing Business’ annual ranking of the Top Managers in the industry. The Birmingham, Alabama-based company is celebrating its 20th anniversary this year, and some internal changes as well. Doug Brown, who has been president of the company since its inception, is retiring at the end of 2023, and Will Davenport, chief operating officer, will assume the president role. COCM was launched in the early days of public-private partnership (P3) development on-campus. The model then was …

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Tempo Residence

Only a few developers in the student housing space have successfully managed to have strong programs on- and off-campus. Gilbane Co. is one of them — and the company has a successful contracting business to boot. The 150-year-old company is a competitive player in the public-private partnership (PPP) development business, active on a number of campuses nationwide. It also has a robust off-campus development business, though selective about when and where it builds properties. SHB recently caught up with Russell Broderick, Gilbane’s executive vice president, who leads the company’s on-campus …

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warehouse

The supply chain. That phrase alone had the power to send shudders down the spines of student housing operators during the past few years, especially as turn approached. Materials were scarce. Ships were stuck at sea. Inventory was sold out. Workers threatened to strike.  Many operators took what they could get, when they could get it, fearing there may not be another chance to stock up on goods, parts or supplies.  “At the height of the supply chain interruption, we were putting our hands on whatever was available from whomever …

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The-Campbell

Where is third-party management headed? This is a loaded question in 2023. The economic environment alone presents its fair share of challenges. With fewer properties transacting in the student housing sector, operators have been given a slight reprieve from losing [and winning] assignments. But they aren’t resting on their laurels.  Instead, operators are using this time to hone their craft, and there is much to ponder. Which COVID-19 protocols should remain from an on-site perspective? Should they look at centralizing some processes? And how can the implementation of AI help …

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Moving away to college is full of excitement and stress as incoming students consider whether they’ll like their new school, their major and, most of all, their roommate. Before the emergence of some new technologies, many schools left these pairings to chance — either matching students randomly or manually based on simple questionnaires about their majors or bedtimes.  With this in mind, it is understandable that students may have some trepidation over who they’ll be living with for the next nine months. Those lucky enough to already know who they …

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Standard-Seattle

The college experience is alive and well at American colleges and universities. Total undergraduate enrollment is projected to increase by 8 percent — from 15.9 million to 17.1 million students — between 2020 and 2030, according to the National Center for Education Statistics.  If we can glean anything from the current levels of demand, it’s that many students will seek out housing. Pre-leasing rates hit an all-time high for the second year in a row when nearly 70 percent of beds had already been absorbed by March for fall 2023, …

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Company-Profile

Prior to starting Provident Resources Group in 1999, founder — and now chairman and CEO — Steve Hicks was an attorney who worked with state and local governments, universities, and health systems to issue bonds for publicly financed projects. In his conversations with municipal finance professionals, Steve Hicks discovered there was an intermediary role missing in the market. As a result, Provident Resources Group was formed as a national non-profit borrower/owner for essential projects that fit within a variety of IRS-recognized charitable missions. These mission areas include higher education, healthcare, …

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Interior-Design

Generational tastes may be involved, but student housing interior design isn’t about reinventing the wheel each time a new cohort comes up through the ranks. It’s about finding a way to provide that demographic with the type of housing environment that will allow them to thrive academically, socially and personally.  “Design strategies for a student housing property go beyond following a color trend, art style or material accent,” says Kelly Naylor, interior design practice leader and senior partner at BKV Group in Minneapolis. “Design is a tool that can be …

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