At properties where the percentage
of student housing beds that are occupied has fallen, operators are often less aggressive in raising rents than they have been in prior years.
Budget 2018 - 19 commits $ 1.6 billion (both operating and capital) to housing investments over three years, including 19,000 affordable units, 5,000
new student housing beds at public post-secondary institutions, and 2,500 supportive housing units.
Developers opened 63,000 new off - campus
student housing beds in 2014 and 47,800 new beds in 2015, according to Axiometrics.
Property managers report
student housing beds for this fall have been pre-leasing more quickly this spring than the beds rented last year.
Including the 49,977 new beds that will become available this fall, developers will have added 216,645 new
student housing beds from 2012 through 2015.
For Peak Campus, a leading privately - owned, student housing company with more than 53,000
student housing beds under management, tier - one state universities continue to be safest bets given their strong enrollment trends, says Casey Peterson, senior vice president of business development and strategy for Peak Campus.
Existing privately -
owned student housing beds in three markets were already more than 99 percent pre-leased as of May 2015: the University of Colorado — Boulder, Iowa State University and the University of New Hampshire.
Developers will open 1,161 new
student housing beds near Boise State University, more than twice the existing private student housing supply of 463 beds.
Even as bed deliveries are slightly down over 2014 and 2015 [around 47,000 beds were delivered in 2016, while the sector saw 63,000 new off -
campus student housing beds in 2014 and 47,800 new beds in 2015, according to Axiometrics], we see that as a positive for those of us who are still finding great deals to augment already robust pipelines.
The percentage
of student housing beds occupied at communities owned by the student housing REIT Education Realty Trust (EdR) fell by 1.2 percent in 2017 compared to the year before.
For example, Michael Gallis & Associates, a Charlotte, N.C. — based strategic planning firm, estimates that even as developers deliver new space to the market, over the next 10 years there will likely remain a 1.5 million to 2.15 million shortage in
student housing beds at four - year universities around the country.
Universities and college towns have successfully filled the extra tens of thousands of
new student housing beds that were delivered in 2014 and year - to - date in 2015.
With roughly half a year to go before the start of the school year, 37.2 percent of
student housing beds had been leased as of January 2017, according to RealPage.
The firm currently owns approximately $ 4.2 billion in real estate assets consisting of over 250 properties in 38 states including over 30,000
student housing beds, more than 7,300 senior housing / assisted living units, over 1.4 million square feet of medical office space, and more than 72,000 self - storage units.
Another seven schools had already pre-leased more than 90 percent of
their student housing beds as of May.
Students are quickly signing leases to live at off - campus student housing communities when the new academic year starts this fall, pushing rents higher despite competition from the thousands of new
student housing beds that developers plan to...
In 2016, Sinclair Community College, Marion Technical College and Hudson Valley Community College will each receive hundreds of new
students housing beds.
This summer, for the first time in several years,
student housings beds were not leasing as quickly as the year before.
The firm also delivered approximately 4,000
student housing beds to the market in 2016.
The volume of new off - campus
student housing beds has remained consistent over the past few years, averaging between 44,000 and 48,000 beds.
A total of 46,000 new off - campus
student housing beds are scheduled to be delivered for the Fall 2018 semester, with 900 beds still considered planned (though they are unlikely to be ready this fall).
The acquisition of Aspen Heights Fort Collins expands the national portfolio for Coastal Ridge to over 10,000
student housing beds.
The acquisition of Arlington Cottages & Townhomes expands the national portfolio for Coastal Ridge to over 11,000
student housing beds.
More than 37,000
student housing beds have already completed construction and opened for the semester, and 8,000 more are anticipated to deliver in the coming weeks and months.
Inland American owns, directly or indirectly through joint ventures in which it has a controlling interest, 794 properties, representing approximately 46 million square feet of retail, industrial and office properties, 5,311 conventional multi-family units, 5,212
student housing beds and 16,345 lodging rooms.