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Student Housing Demand Surging

There have been some interesting stories on the trend of more “luxury” student housing at college campuses throughout the USA. Colleges are increasingly turning to privately operated student housing complexes in order to make up for dorm room shortages, and students are finding better amenities and living standards than those offered in traditional dormitories – all for essentially the same price.

PGP is actively looking for a well-positioned student housing investment that meets is other investing criteria.

From the CNBC article:

"What you've seen over the last several years has been more of an urbanization of student housing, where more institutional players are coming in and developing these higher-end, more urban-style properties to cater to the needs of today's college students," said Wesley Rogers, CEO of Landmark Properties, the Georgia-based developer behind The Standard—a brand of student housing residences that raise the standards on student living.

Landmark, like other student housing developers, is profiting from ever-growing demand as enrollment grows and on-campus housing ages. Rogers said Landmark grew 40 percent even during the recession and is plowing ahead with several new projects.

"Student housing in general is a relatively young industry. Developers really hadn't focused on student housing until about 20 years ago, and for the most part students were living in dorms that were built in the '50s or '60s," said Brendan Coleman, managing director at Walker & Dunlop, a commercial real estate financing firm.

Analysts warn that some markets with large flagship schools may already be getting overbuilt, but for the most part demand still outweighs supply. Universities are outsourcing more of their housing needs, often in joint partnerships with private developers. It simply saves the schools money in an already tight budget environment.

Entire article here:

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Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119