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Why This Self-Storage Firm is Focusing on Student Housing

Class-A student housing is a necessity-driven asset class that offers the opportunity for asymmetric returns due to its recession-resistant characteristics, strong demographic growth rates and more, SmartStop’s H. Michael Schwartz tells GlobeSt.com.

Michael Schwartz Schwartz: “Class-A student housing is a highly sought-after investment product by both institutional and cross-border investors that accounted for 60% of all investment activity in 2016.”

LADERA RANCH, CA—Similar to the self-storage category the firm has focused on most, class-A student housing is a necessity-driven asset class that offers the opportunity for asymmetric returns due to its recession-resistant characteristics, strong demographic growth rates and more, SmartStop Asset Management LLC’s founder, chairman and CEO H. Michael Schwartz tells GlobeSt.com. As part of the firm’s new focus on student housing, Strategic Student & Senior Housing Trust Inc., a private REIT sponsored by SmartStop, recently acquired the District, a 198-unit, 592-bed student housing property adjacent to the University of Arkansas in Fayetteville, AR, for $57 million.

We spoke with Schwartz about the firm’s new focus and where he sees the student-housing sector headed.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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