Value of recently closed transactions
Closed sales in most recent year
Many of the 75 million “Echo Boomers” born between 1976 and 1994 are headed to college this decade, and student housing is becoming one of the apartment industry’s most important niche opportunities, according to the National Multifamily Housing Council (NMHC).
For sellers of student housing properties we offer experienced brokerage professionals, access to the industry’s largest source of potential investors and a process that enhances value and produces results. For student housing investors, we offer access to a wide range of investment opportunities supported with thorough underwriting, reliable market and property data and a process that raises the probability of a successful acquisition. Our resources and approach have resulted in a track record of successful student housing transactions.
Student Housing Market
University enrollment is generally on the rise across the United States. From 2000 to 2003, only seven of the 64 universities studied by the National Multifamily Housing Council (NMHC) experienced negative enrollment trends. The greatest increases in enrollment between 1990 and 2003 were concentrated in warmer states, including Florida, California and Arizona. The top growth schools for undergraduate enrollment were not the same as the top growth schools for graduate students enrollment, which could have meaningful implications for the type of housing needed at individual universities.
One of the most common amenities in student properties is the inclusion of some form of utilities package in the base rent. Most of these packages include water, and a healthy percentage include electricity and high-speed Internet access. This suggests that “bundling” may be a more important amenity for students than adult residents.
More owners of student housing properties are offering high-speed Internet access to residents and owners suggest that 80 to 90 percent of students who have access to high-speed Internet actually take advantage of it. This is significantly higher than the 22 percent of all U.S. households that currently have high-speed Internet accounts.