From The Magazine

Converting student housing properties to traditional multifamily has become a more noticeable trend as ever compressing cap rates pressure conventional multifamily investors to seek higher yields. And as many markets seek more affordable and market rate rental housing, converting non-performing student housing properties to conventional multifamily has become popular among a subset of traditional multifamily owners.  Berkadia Senior Managing Director of Student Housing Kevin Larimer points to a National Multifamily Housing Council/National Apartment Association study released in July that supports why conversions are on the upswing. The study shows that …

Delivering student housing projects in today’s environment takes more than just a skilled design and construction team. One must be creative, nimble and flexible — ready to face new challenges at the drop of a hat, from unexpected supply chain issues to labor shortages, pricing volatility and everything in between, all while working towards a hard fall delivery deadline. It’s tough out there, but with proper planning and constant communication, developers and general contractors are still completing projects on-time and on-budget. What follows is an edited transcription from the panel …

Oh, how easy it is to be a resident. They show up on move-in day full of promise to a brand-new (looking) housing community and a sparkling room. On their minds is a new school year, whether they’ll like their roommate and perhaps whether a pony keg will fit into the bottom rack of the refrigerator if they remove a few shelves.  Student housing managers and their teams greet these new arrivals with warm smiles and sympathetic nods, displaying none of the stress they’ve been enduring for the past several …

The Preiss Company’s rise from mom-and-pop owner to institutional grade investor and operator is stunning in and of itself. From meager beginnings, over the past 35 years the company has risen to become one of the top owners of student housing assets in the United States. Over the years, the Raleigh, North Carolina-based company has switched strategies from buying value-add assets to acquiring core student housing properties. It co-invests with large institutional investors to acquire and sells properties when the investment hold times mature. The past year has been a …

When looking to upgrade a community or planning a new development, a suggestion or consideration you might have heard is the addition of proptech. But what exactly does it encompass? And how do you select the right technology for your property? Property technology — or proptech — is a broad range of products, services and systems that use technology to enhance or streamline the ways people interact with a property, according to Aaron Rudenstine, CEO of ButterflyMX. “The proptech sector is the technology-focused arm of the real estate industry and …