Bayless on Student Housing: Know Your Market

IRVING, TX-In a recent conversation for a Real Estate Forum article, American Campus Communities‘ president and CEO Bill Bayless says the student housing market continues to be strong from a leasing perspective. Even better, capital is readily available for construction and ownership, thanks to Fannie Mae, Freddie Mac and life companies, all which are happy to play financing role.

But Bayless, one of the speakers at the upcoming RealShare Student Housing conference in May, says not all student housing is created equal. “We believe that focusing on larger, tier-one flagship properties is a more stable play,” he explains. “We see that reflected in the cap rates.”