Report Offers New Metrics For Student Multifamily Housing Market
|Contact: Jim Lapides, 202/974-2360, firstname.lastname@example.org|
|For Release: January 31, 2011|
WASHINGTON, D.C.—The National Multi Housing Council (NMHC) released a white paper today that provides new data and analysis on financial metrics for the student housing market. Developed by NMHC’s National Student Housing Council (NSHC), the analysis follows up the NSHC 2011 Student Housing Income and Expense Benchmarking Survey with new data on gross potential rent, gain/loss from lease, concessions and vacancy loss for 327 student housing properties, comprising 179,279 beds nationwide.
Highlights from the white paper include:
- On average, student housing properties netted 88.9 percent of their gross potential rents on a per-bed basis after concessions and vacancy loss.
- Although newly constructed student housing properties typically spent more on concessions and had higher levels of vacancy losses, they netted 10 percent to 14 percent more dollars per bed than their older vintage counterparts.
- Roughly 84.4 percent of survey respondents indicated that they leased by the bed, which corresponded to lower levels of concessions and vacancy losses.
The report is available online, free for NMHC members or $400 for nonmembers.
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The National Student Housing Council (NSHC) is a subsidiary of the National Multi Housing Council (NMHC). The NSHC is comprised of the leading private, off-campus student housing developers, owners, lenders, brokers and related service providers. Its mission is to encourage information exchange and conduct research to help inform investment decisions and further best practices. NSHC is a subsidiary of the National Multi Housing Council (NMHC). Based in Washington, DC, NMHC is a national association representing the interests of the larger and most prominent apartment firms in the U.S. NMHC’s members are the principal officers of firms engaged in all aspects of the apartment industry. For more information, contact NSHC at 202/974-2300, e-mail the Council at email@example.com. or visit NSHC’s web site at www.nmhc.org/goto/StudentHousing
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