Features

Brad Hufford Dickson Furniture Reshoring

Supply-chain predicaments and rising costs forced many in the student housing industry into a holding pattern as the 2021–2023 global supply chain crisis took its toll. Materials and shipments were caught in limbo while properties and their students had to wait for deliveries on a drastically expanded timeline. Fortunately, those challenges have greatly subsided, according to most industry experts. Freight costs have fallen below their pre-pandemic rates, providing some relief for furniture manufacturers that rely on overseas shipments. However, savvy student housing experts are taking the present moment to review …

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  The Oct. 5 webinar “Navigating the Future: Student Housing Year-End Data Analysis + Forecast,” hosted by Student Housing Business and sponsored by College House, focused on student housing by the numbers. What do the latest metrics from College House’s year-end report say about leasing performance and occupancy, average rate per bed, floor plan trends, stats by tiered enrollment, the proximity leasing landscape, product type, delivery performance, top markets and more? What do experts in the student housing space see in the data? What trends and factors are shaping their outlook for this …

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Hub-Blacksburg

Harrison Street has built a very successful business by investing in alternative real estate asset classes. With more than $56 billion in assets under management, the firm has been a leading investor in the student housing sector for two decades. Leading the firm is co-founder and CEO Christopher Merrill. SHB recently spoke with Merrill to get his take on commercial real estate, and the student housing sector. SHB: What are your thoughts on the recent (late July) interest rate hike? How do you think it will affect the student housing …

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Furniture-Article

Each fall is a time to shine for furniture providers. With new projects coming online and owners and operators seeking to level up their accommodations before turn, the summer sees a flurry of activity with companies racing to accommodate multitudes of orders across the country.  Over the past few years, this time frame has also been plagued with a number of obstacles due to an unreliable supply chain during and immediately following the COVID-19 pandemic. This year, however, has seen a return to more normal operations, making turn/move-in once again …

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Ryan Barone, Co-Founder and CEO, RentRedi.

As students across the country head back to school, it is a busy time for landlords and property managers of college student housing. There are a lot of things in flux — from move-outs from short-term summer school attendees to lining up and moving in longer-term tenants who will rent for the entire academic year.  It’s all too much to keep track of manually, not to mention the fact that you’re dealing with a generation raised on technology. If property managers ask these young adults to gather paper documentation and …

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Amanda Bowen Custom Furniture Experience Case Studies

Properly scheduling job site deliveries and services can prevent days of delay and added costs that arise when pivotal events in a project overlap. Even experienced student housing developers can forget this, not to mention new entrants to the industry, who may have only vague notions of the time and resources required to complete the many construction and vendor tasks that lead up to student move-ins. Just ask Amanda Bowen, director of business relations at Dickson Furniture Manufacturers. This summer, her team arrived on the appointed day to install furnishings …

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Mental-Health

In 2021, a number of off-campus housing providers came together to form the College Student Mental Wellness Advocacy Coalition (CSMWAC). The effort was started to support the mental well-being of off-campus housing residents, in hopes of providing them resources and programs. More than 26 off-campus student housing companies have since joined the effort. Student Housing Business recently interviewed several members of the CSMWAC’s board to find out more about the coalition and its initiatives. SHB spoke with Jonathan Bove, executive vice president, Landmark Properties; Richie Lasek, director of innovation and …

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Hub-Knoxville-Student-Housing

Everyone is feeling the pinch from interest rates and inflation, including student housing developers and the residents they must pass some of those costs onto.  “The escalating cost of construction presents a unique challenge in student housing as there are a finite number of prospective residents that can afford to pay the premium rates that new development commands,” says Ken Carl, senior managing director of student housing and multifamily at Kayne Anderson Real Estate.  For some development teams, this means adding more residences to spread out the costs.  “Developers have needed to …

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COCM-Company-Profile

COCM has consistently ranked as the top third-party management company of on-campus properties in Student Housing Business’ annual ranking of the Top Managers in the industry. The Birmingham, Alabama-based company is celebrating its 20th anniversary this year, and some internal changes as well. Doug Brown, who has been president of the company since its inception, is retiring at the end of 2023, and Will Davenport, chief operating officer, will assume the president role. COCM was launched in the early days of public-private partnership (P3) development on-campus. The model then was …

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Tempo Residence

Only a few developers in the student housing space have successfully managed to have strong programs on- and off-campus. Gilbane Co. is one of them — and the company has a successful contracting business to boot. The 150-year-old company is a competitive player in the public-private partnership (PPP) development business, active on a number of campuses nationwide. It also has a robust off-campus development business, though selective about when and where it builds properties. SHB recently caught up with Russell Broderick, Gilbane’s executive vice president, who leads the company’s on-campus …

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