Harrison Street’s Post

Big Bets on Student Housing As Demand Outpaces Supply 🔷Investors are increasingly attracted to #studenthousing for its stability, with significant recent acquisitions by KKR, Landmark Properties, Inc., and Pope & Land Enterprises, Inc. highlighting the trend. 🔷Developer Core Spaces plans to add nearly 10,000 off-campus student housing beds signaling a recovery in national demand for student housing post-pandemic. 🔷Fannie Mae reports that while pre-leasing rates dipped slightly in 2023-2024, student housing performance remains above historical averages, with development numbers expected to drop to 26,000 new beds by 2025. It just makes sense to checkout JP2, a 110 bed student housing community on the campus of University of Missouri-Kansas City & Rockhurst University. Especially given its offer price... https://lnkd.in/ddSDjUxB

West Campus rent rates on the rise! Exciting news for our upcoming student housing development project in Austin's West Campus area adjacent to the University of Texas Austin. We are gearing up to commence construction on this state-of-the-art Class A multifamily project. The surge in rent rates signals a promising investment opportunity in the area. 📈🏗️ The recent surge in West Campus rent rates amidst a decrease in Austin area rent prices bodes well for our development project. This positive trend underscores the growing demand for quality student housing options near the university campus. Stay tuned as we near the completion of our capital raise process. The finish line is in sight! 🏫💼 Read more about the increasing rent rates in West Campus: [Link to the article] 📰 #WestCampus #StudentHousing #RealEstateDevelopment #Austin #UniversityofTexasAustin #OGH #capital

If a large university sees the value of owning more student housing (to the point of buying more within proximity), it means that schools see the value of the added profit potential. This should be a signal to investors that the student housing opportunity continues to grow. Some college and universities have a need for more, and, of course, my team and I would be happy to provide exclusive and extensive market research for you and your team. In addition, we have student housing solutions ranging from "nearby" cottage homes to modular construction which can be completed in any weather and be fully sustainable. Let me know when you are ready to plan a revenue increase! https://lnkd.in/gR5P9jv6 #StudentHousing #universities #housing #SustainableHousing #sustainable #UCLA #LosAngeles #Westwood #RealEstateInvesting #RealEstate #firstin

Need help navigating the campus housing crunch? The competition is steep. According to CBRE, fewer than 22% of college students at the largest 175 schools have on-campus housing. leaseClub is redefining the college housing experience by connecting renters to renters. Here’s how it works: https://lnkd.in/eZvk7Tys #CollegeHousing #CollegeStudent #ApartmentRentals #CollegeLife

The news article points to the downstream domino-impact of college closures: what happens to all of the non-human assets? In addition to the physical footprint of a campus (grounds and buildings) there is technology, general office supplies, furniture, houseware (refrigerators/stoves, etc.), scientific equipment and chemicals, sporting equipment, etc.. I shudder to think of if--and how quickly--these objects will find their way into the waste stream.

As the Community College Facility Coalition's Annual Conference approaches this November 6-8, we’re proud to be part of a community dedicated to supporting the facility needs of California's community colleges. CCFC is a statewide association composed of districts and organizations—facility planners, architects, contractors, and more—who collaborate to create spaces that serve the evolving needs of students. One critical area of focus is Modular Student Housing: An Affordable Option for Community Colleges. With only 11 of California’s 116 community colleges offering student housing, there’s an increasing demand for low-rent housing on or near campus. The 2022 state budget addressed this need with a $1.4 billion earmark for student dorms, with more funding expected for future housing development. Modular construction is stepping in as a fast, affordable solution. Instead of costly and disruptive renovations, modular housing units provide a ground-up solution—allowing colleges to increase housing capacity at a lower cost per bed quickly. AMS modular housing designs are customizable, featuring student-centered layouts, modern amenities, and flexible configurations for any site, whether traditional dorms or apartment-style housing. Let’s work together to address student housing insecurity and create spaces where students can thrive. #CCFC #CCFC2024 #ModularHousing #StudentHousing #CommunityColleges #AffordableHousing #AMS #ModularConstruction #Education #HousingSolutions

New Study Alert - 10 Ideas For Making Housing More Affordable For College Students This newly released study from the City of Austin also includes information from other cities on the college student affordability issue such as Portland, Oregon, and Boston, Massachusetts. The City's Housing Department came up with the top ten list after engaging with local universities and students, analyzing student population and housing data, and analyzing practices in other cities. #Mayor #CityCouncil #CityManager #AffordableHousing #CityPlanner

Affordable student housing has become a critical issue in higher education. To rise to this challenge, institutions and designers are getting creative with a mix of funding and innovative design and construction techniques to help these projects "pencil out." Explore solutions and success stories in "Dynamic Solutions for Diverse Institutions: Addressing the Affordable Student Housing Crisis" from HED Higher Education Business Leader Brent Miller, here: https://ow.ly/WWat50Sofko #HEDadvances #housingdesign #studenthousingdesign #studenthousing #universitydesign #architecturedesign

Many universities want to grow their graduate student enrollments, which means that adequate living is required nearby -- but not necessarily on campus. It's important that during these developments, the entire community is kept in mind, particularly if it's built off-campus. As this article pointed out, it can be disruptive to local communities or not geared toward them, which isn't helping the local economy that much. Catering housing toward graduate students and leasing to businesses that could benefit the whole community is a smart move. Student housing is rental housing, after all, so keep in mind the similarities these markets have. Graduate students aren't likely to purchase a house, particularly if they don't plan to put down roots in the city they're getting their degree from. This makes renting very attractive, campus-leased or otherwise. #StudentHousing #RentalMarket #RealEstate

Heartland Village, located near Illinois State University in Normal, Illinois, was acquired by Rise Select at a significant discount due to its high vacancy rates and overall underperformance. The previous owner struggled to maintain occupancy and couldn’t meet financial expectations, making it an attractive opportunity for a turnaround. We faced several challenges, including high vacancy rates caused by ineffective marketing and management, outdated amenities that didn’t appeal to modern students, and financial instability with investors eager to exit. To address these issues, we implemented a strategic approach that included targeted marketing to attract a new tenant base. We identified key demographics, such as student-athletes and out-of-state students, who needed quality housing. The property underwent strategic renovations, including a complete overhaul of the clubhouse and workout facilities, making it more appealing and competitive. Additionally, we adopted a community-centric approach by involving student organizations and creating partnerships with local businesses, fostering a sense of community and improving tenant retention. Through effective marketing and community building, occupancy rates soared from below 60% to over 90% within a year. The renovations and targeted marketing efforts led to a significant increase in rental income. After stabilizing the property and improving financial performance, we exited the investment with a substantial gain, delivering strong returns to our investors. Heartland Village is a testament to how our strategic marketing, modern amenities, and community building transformed a struggling property into a thriving one.