Campus Advantage’s Post

The Michigan Strategic Fund board approved a Transformational Brownfield Plan (TBP) for a reimagined Henry Ford Health academic healthcare and Detroit Pistons shared campus in Detroit, which will include a new, leading-edge medical research center alongside three mixed-use residential and commercial buildings, turning Detroit’s New Center neighborhood into a vibrant and walkable destination community. The project is a partnership between Henry Ford Health, Michigan State University, and Pistons Sports & Entertainment, which requested approval of a TBP incentive package alongside the City of Detroit Brownfield Redevelopment Authority and valued at more than $231.7 million. The TBP includes more than $773 million in investment within Detroit’s New Center neighborhood and the new construction of an eight-story medical research center, the renovation of the One Ford Place office building into a mixed-use building containing residential and commercial space, new construction of two, six-story, mixed-use buildings containing residential and commercial space, and the new construction of a six-story parking garage. All three residential projects will include affordable housing. When completed, the project plans to create 662 residential units and 735 jobs and act as a catalyst for economic revitalization in the New Center neighborhood of Detroit, attracting new talent, businesses, and residents to the region.

#Mapletree’s Student Housing portfolio comprises a total of 56 Purpose-Built Student Accommodation (#PBSA) assets with close to 25,000 beds across the United Kingdom, the United States and Canada, as at 31 March 2024. Throughout Financial Year 2023/2024, asset enhancements and sustainability initiatives were implemented at some of these assets to further enhance the tenants’ experiences! Read the full operations review: https://lnkd.in/gQEdUBki In April 2024, the Group also announced a £1 billion acquisition of over 8,000 more operational beds across 19 cities in the United Kingdom and Germany, and an operating platform from Cuscaden Peak Investments. Read about the acquisition: https://lnkd.in/gQqcy7bT

Dan Goldberg, president of Core Spaces, agrees, noting that the supply chain for the next couple of years in student housing looks incredible. “I think there’s a consolidation going on in this space, and the companies that are gritty and looking to innovate right now are going to disproportionately benefit, so that’s what we’ve been focused on,” he said.   Core Spaces closed around $3 billion in transactions last year, with $1.5 billion on acquisitions and the balance on new development — which included two of the largest development deals in the company’s history, according to Goldberg. “We see tremendous opportunity in this sector if you’re willing to get gritty,” he said. “It’s really about leaning in with a disciplined approach. Not every market is the same and we don’t have a cookie cutter approach to development or acquisitions, but we’ve got capital to buy and build and we’re really kind of salivating over this environment right now.” InterFace Conference Group https://lnkd.in/gc_aYny6 #studenthousing #universities #markets

"Student Housing Portfolio to be Acquired by Blue Vista and Clarion" Read the full article below..

The last few years have proven resilient for student housing, with the sector remaining strong. We spoke with Jack Palms, VP of Acquisitions at RREAF Holdings, on why student housing stands out and what the future holds for the sector.  Connect CRE #studenthousing #resilient #rreaf https://lnkd.in/gYEZWCjR

🎓 Join Us at the IMN 4th Annual Student Housing 360 Forum! 🎓 I'll be speaking on a panel at this year's IMN Student Housing 360 Forum to discuss how family office investors can diversify with student housing investments. We'll be diving deep into some critical topics that matter to family offices and high-net-worth investors, including: What makes student housing an attractive asset class to high-net-worth and family office capital? ROI expectations for family office investors Which subsets of student housing are most appealing to family offices? Succession planning and wealth transfer planning for family offices Managing relationships with family office investors Co-investing in student housing with other families Join us as we explore these key issues and share insights alongside other industry leaders. It's going to be a valuable discussion for anyone involved in or considering student housing investments. Looking forward to connecting with you there! #IMNForum #StudentHousing #FamilyOfficeInvestments #RealEstate #InvestmentStrategies #HighNetWorth #WealthManagement Max Pog #SuccessionPlanning #CoInvesting #CRE #Acumen TIGER 21 DC Finance's Global Family Office & High Net Worth Community J.P. Morgan Private Bank National Multifamily Housing Council Bisnow Martin Kelly JLL CBRE Marcus & Millichap Transwestern TSB Realty Newmark KLNB Walker & Dunlop Student Housing Insight Richard Kelley Matthew Berger Dave Borsos

SHURE Initiative Thoughts for the Day 4 November cover #cre #investment opportunities in #Canada. Thoughts from Rudy Bocchicchio of Stormont Partners, Erik Larson of Blue Vista Capital Management and Aaron Stange of Landmark Properties, Inc. recorded at SHURE GTA (Toronto) on 15+16 October. #universityrealestate #masterplanning #pbsa #pbsh #studentaccommodation #studenthousing #multifamily #torontobusiness You can rarely see the future when investing. Clearly, in Canada, there's tremendous growth from A to B. It's just how do we get to B? Development is very challenging. We have had opportunities come in at smaller universities, maybe less known universities and they have no purpose-built products or housing for students. The opportunities are so wide open, but it's just the struggle to get there, build, and capitalize.   - Erik Larson, Senior Vice President - Acquisitions, Blue Vista Capital Management I've fielded more questions about student housing as an asset class in the last 12 months than in the 5 or 6 years that preceded it. I think there is a strong appetite from the institutional investor community to deploy capital into the space, but they haven't necessarily found the right home for it yet. The investors are all in the stage of white papering, studying the sector, and just waiting for the right opportunity. - Rudy Bocchicchio, Real Estate Investment Advisory, Stormont Partners At Landmark, we've actually moved substantially towards more urban development. We've got a 34-story tower going up in Philadelphia right now; we have a 30-story tower in Seattle that just finished construction, and we got some in Berkeley and Los Angeles as well. We diversified a little bit, and I think some of that's because these college towns in the U.S. have reached a saturation point. I think that, for Canada, it can be challenging for investors to acquire land for different reasons, but some universities are still what I would call your top ten targets that have available land. - Aaron Stange, Senior Director of Development, Landmark Properties, Inc. SHURE Initiative's bottom line: While Canada may be the Great White North to international investors, the rapid population growth in post-secondary environments in recent years has generated significant new interest. Still, obstacles remain in identifying the best path forward for capital deployment. Join SHURE Initiative to improve student lives and enhance the built environment in university neighbourhoods > https://lnkd.in/gehYMr96

Take a look at our stats below. My team and I worked incredibly hard to produce them. Yet, some people are still going to have a crack at investing in residential property directly on their own. Even if they're juggling a burgeoning career and precious family time, they will contemplate using their free time to dabble in a bit of stressful land lording because that's how they've heard you create wealth. This is no longer the only option. My team and I at Prime Campus are fascinated with student property, and have been for 21 years. With the help of Catalist we have been able to offer the public an opportunity to invest in what we're 100% focused on, and exceptional at. So disregard what those investment property seminars & consultants say, direct property investment is risky, time consuming, and difficult to get right without years of experience. Instead, consider getting your exposure to residential investment property through Prime Campus, and at the same time improve the accommodation experience of first-time student tenants. Our offer is open now. There is no minimum investment. https://lnkd.in/ehAmqek9 #studenthousing #realestate #propertyinvestment #investor #newzealand

🔥Happy Autumn! 😄We’re coming up to the end of September which means these are the last few days to qualify for October distributions from Collab. 🏠As you may know, our two latest SEC-qualified offerings now feature higher projected annual distributions, our way of helping our community of investors make more of an impact with their investment funds. These are the last few days to qualify for mid-October distributions – your share of the rent of these newest cash-flowing student housing properties at 21 Buttonwood St #2, Boston, MA, and 33 Mine St, New Brunswick, NJ, near UMass-Boston and Rutgers University, respectively. 💰Here’s what’s available and open for investment on Collab, with each property’s annual projected distribution: 33 Mine St, New Brunswick, NJ (near Rutgers University), 7.5% 21 Buttonwood St #2, Boston, MA (near UMass-Boston), 6.0% 19 Buttonwood St #3, Boston, MA (near UMass-Boston), 4.0% 2340 Hilgard Ave, Berkeley, CA (near UC Berkeley), 4.5% 1742 Spruce St, Berkeley, CA (near UC Berkeley), 5.5% 📈Make your ‘money moves’ before the month ends and join Collab, and our community of over 1600 investors, as co-owners in these high-occupancy, cash flowing student housing properties. This is the power of crowdfunded fractional real estate: Own a piece of these cash-flowing properties with Collab and the community!https://lnkd.in/gVtiH293 #moneymanagement #USstudentHousing #investors #SEC #usrealestate #buildweath #investwithcollab #CollabHome #democratizingrealestate #PassiveIncome

AvalonBay Communities is shifting their investment thesis Here’s how Lightpath’s investment strategy is aligned with the 2nd largest #multifamily REIT AvalonBay recently published their Q3 investor presentation. Here are 4 shifts in their strategy: 1️⃣ AvalonBay plans to increase their portfolio’s: Suburban allocation from 71% to 80% Sunbelt allocation by 3X (8% to 25%) ❗ Punch line – AvalonBay is most optimistic on suburban sunbelt deals. 2️⃣ Texas (#DFW and #Austin) has the largest target allocation (8%) out of their expansion markets (Denver, NC, SE Florida). ❗ Punch line – #Texas is AvalonBay’s favorite growth market. 3️⃣ Of their existing sunbelt portfolio: 88% is suburban 93% is Class A ❗ Punch line – In the sunbelt markets, AvalonBay heavily prefers Class A suburban deals. 4️⃣ Out of their 2024 development pipeline (based on total capital cost): 92% is suburban 43% is in the sunbelt (44% on the east coast) 6.4% projected initial stabilized yield ❗ Punch line – AvalonBay favors suburban developments and is getting deals capitalized at a mid-6% yield. ➕ To put it all together… AvalonBay wants more suburban sunbelt exposure (1), especially in Texas (2), particularly with Class A deals (3), and is favoring suburban sunbelt development (4). At The Lightpath Company, we are focused on developing Class A attainable housing communities in high-growth suburban markets along the Texas I-35 corridor. Learn more about Lightpath here: lightpathco.com