STUDENT HOUSING HOOKS CAPITAL

American Campus Communities (ACC), Blue Vista, Campus Advantage and other industry veterans will lead the pack in student housing. Expect fierce competition in student housing as companies strive to acquire properties in the second half of Q3 and early Q4. In addition to the foreign capital that’s flooded the space, student housing will start to draw the eyes of conventional multifamily owners now that Greystar made a splash by acquiring EdR for $4.6B.

The asset type is recession-resistant as many people will go back to school when the job market gets tough. Investors such as Goldman Sachs, Allianz Real Estate and GIC and pension funds such as The California State Teachers Retirement System (CalSTRS) and The Canada Pension Plan Investment Board (CPPIB) view student housing very favorably this late into the cycle.