Description

Our September 23rd episode features Sean Lyons and Ryan Tobias of Triad Real Estate Partners discussing the state of the student housing market. Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits with Sean and Ryan to cover all things happening in student housing, particularly amid back-to-school concerns with COVID-19. Some key takeaways include: - While student housing has similarities to multifamily, the asset class follows very specific criteria depending on market location and institutional requirements. - Student housing benefits from the parental guarantee of rent payments - students sign a lease with the owner with the parent as a cosigner, securing a reliable income stream for student housing investors. - Post-COVID, many first-year students are taking a gap year, which affects typical enrollment levels though not nearly as drastically as anticipated. While on-campus dorms go offline, off-campus student housing is benefiting. - Many upperclassmen students are electing to do remote learning from student housing properties versus moving back to their hometowns. - While student housing has experienced overdevelopment in the last few years, the asset class will likely experience slight market correction before continuing to flourish as college enrollment levels increase. Like this? Hop over to our blog to check out the latest CRE hot tips and insights: https://www.crexi.com/insights