Hitting the Books

NMHC provides insights into student housing income and expense trends.
Dave Borsos

Dave Borsos, National Multifamily Housing Council

Amid global political and economic turmoil, investors are looking for opportunities that offer both stability and resiliency. And in the eyes of a growing number of investors, student housing delivers just that. Strong college enrollment trends, a recurring revenue model and consistent returns are luring investment dollars; student housing transactions total $5.2 billion since the beginning of the year, according to data from Real Capital Analytics Inc.

However, few industry tools exist to give investors—or for that matter, lenders, owners and managers—financial guideposts against which to measure both projected and actual performance results. Since 2010, the National Multifamily Housing Council has been helping to fill that void with its annual Student Housing Income and Expense Benchmarking Survey.

This year’s edition provides detailed financial line item data from 572 private student housing properties, representing more than 119,000 units and over 329,000 beds across 42 states. The survey also includes year-over-year performance analysis for nearly 350 properties.

For the complete article, read the October issue of MHN.