University Furnishings and Student Housing Business bring together several college students for a no-holds-barred discussion of their student housing experience. Participants discuss the good, the bad and the ugly — beginning with their experience searching for a new place to call home, and covering everything that happens until move out. This webinar offers the authentic perspectives of today’s college student and purpose-built student housing resident. For more information on the student housing industry, subscribe to the weekly Student Housing Business newsletter or the bi-monthly magazine.
Charleston, S.C. — An affiliate of Charleston-based multifamily development firm Greystar has agreed to acquire student housing owner-developer Education Realty Trust Inc. (NYSE: EDR) in an all-cash merger transaction valued at approximately $4.6 billion. The sale price includes existing debt.
Fayetteville, Ark. — Strategic Student & Senior Housing Trust Inc., a REIT focusing on student housing and seniors housing acquisitions and sponsored by SmartStop Asset Management LLC, has purchased a student housing community near the University of Arkansas for $57 million. Known as The District, the 592-bed community is located at 376 W. Watson St. in Fayetteville, roughly a half-mile from the university’s campus. The 198-unit property includes one-, two-, three- and four-bedroom, fully furnished floor plans. Completed in 2016, the LEED Gold-certified community features a business center, study rooms, pool, …
Fresno, Calif. — Asset Campus Housing has taken over management of Campus Edge, a 416-bed community near Fresno State University. The pet-friendly property features one- and two-bedroom floor plans with private patios and walk-in closets. Community amenities include hot tubs, a resort-style pool with sundeck and renovated clubhouse equipped with a game room and business center.
Atlanta — The year is off to a blazing start for student housing investment sales — at least on the listings front. A number of sellers brought portfolios to the market in January, well ahead of past years.
Selecting the right construction lender for your student housing project is often as important as choosing the right contractor, leasing manager and rental rates for your property. Closing and construction delays that cause a missed opening date can drastically reduce returns and stigmatize a project that can take years to overcome.
Now is an opportune time for developers and investors to consider investing in the Tier 2 student housing real estate market. As the Tier 1 market becomes crowded and overly competitive for both investors and developers, Tier 2 student housing markets are becoming more popular with students and giving investors greater yield and room to grow.
The phone rings. You pick up, and a reporter is on the other end of the line asking for comment about an incident that occurred earlier that day at your property. For many property managers, that’s enough to send their blood pressure skyrocketing and leave them at a loss of words of what to say next.
Austin, Texas — The 7th annual InterFace Student Housing Conference took place last week, featuring two days of networking and educational sessions from thought leaders across all facets of the industry.
Connectivity, bandwidth and video services are among the biggest investments that student housing owners and operators make in a property. Here is what you need to know for 2015 to stay engaged and up-to-date. By Randall Shearin
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