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Market Conditions
https://www.nmhc.org/industry-topics/student-housing/market-conditions/
The latest in market conditions in the private student housing sector from NMHC's Student Housing Council.
A Cyclical Industry
Five years ago, the off-campus student housing sector
presented an incredible opportunity. At Kayne Anderson Real Estate Advisors
(KAREA), we saw compelling dynamics such as strong college enrollment growth.
At the same time, the sector was highly fragmented, with significant capital
constraints resulting from the Great Recession of 2008.
From 2009-2013 we established ourselves as the top private
buyer - and second largest overall buyer - of student housing assets in the
U.S., according to Rea
Attractive Asset Class
The student housing business has matured a lot of over the
past five years, and that has created a tremendous opportunity for owners and
managers. Exciting and profitable times
lie ahead for those who are ready.
A phenomenal number of student housing firms now take a more
professional approach to owning and managing their properties. This is the most
important trend in student housing over the past five years. These firms now
demand meaningful data on the performance of student housing properti
Impact of Off-Campus Housing on Student Academic Performance and School Loyalty
https://www.nmhc.org/research-insight/research-report/impact-of-off-campus-housing-on-student-academic-performance-and-school-loyalty/
Impact of Off-Campus Housing on Student Academic Performance and School Loyalty
10/1/2014 12:00:00 AM
NMHC White Paper Surging Student Populations Stress On-Campus Housing
https://www.nmhc.org/research-insight/research-report/nmhc-white-paper-surging-student-populations-stress-on-campus-housing/
As student enrollment numbers continue to multiply, many states find that local colleges and universities struggle to provide enough dorm beds to keep up with burgeoning demand for on-campus housing.
Over Amenitization
The “over amenitization” of properties is one of the biggest
trends I’ve witnessed over the last five years in the student housing -- and it’s
one we continue to see today.
We’ve seen the installation of amenities like lazy river
pools, spas and rock climbing walls, in some markets these are actually
considered necessities, not luxuries. Of course students love these
over-the-top features, but my concern is with parents who think it’s just too
much. They may start to worry that these high-end a
Business Maturation
The student housing business has matured a lot recently. If
we go back seven or eight years, the average property buyer was not willing to
pay more relative to income for student housing properties with strong
locations in markets that serve tier-one universities compared to tier-two
universities. In contrast, for many years American Campus Communities (ACC) has
focused on core pedestrian product serving major universities.
Today the investment community as a whole is very educated
on how core p
Research Surge in College Applications Unaffected by the Economic Downturn
https://www.nmhc.org/research-insight/research-report/research-surge-in-college-applications-unaffected-by-the-economic-downturn/
Reinforcing the “recession-resistant” nature of student housing, this analysis of 56 universities shows an average growth rate of 20 percent for freshman applications for the fall of 2010 compared to
Private Eyes on the Student Housing Market
https://www.nmhc.org/news/articles/private-eyes-on-the-student-housing-market/
As the student housing market has grown in size and sophistication, competition among the industry’s top players has intensified. In many cases, access to capital has helped publicly held student hous
Student Housing Sector Sees Growth in On-Campus Partnerships
https://www.nmhc.org/news/articles/student-housing-sector-sees-growth-in-on-campus-partnerships/
As a number of large student housing companies have cracked the code on on-campus deals, public-private partnerships, known as P3s, have emerged as a growth area within the larger student housing mark