VIDEO: Hot Money Could Burn Student Housing
LAS COLINAS, TX—There’s a huge influx of equity looking to enter the student housing space, but the hot money—that is, the kind that’s chasing a trade—may not be a positive for the business. That’s just one of the things Brian Thompson, an SVP in the acquisitions group of Harrison Street Real Estate Capital, told Real Estate Forum editor-in-chief Sule Aygoren Carranza during the recent RealShare Student Housing 2012 conference.
- Student housing is resilient, but your view of the space depends on the capital behind you. For patient capital, the long term looks good.
- Despite the appetite for student housing, cap rates are already at historic lows, there’s not much change they’ll compress any further.
- Public universities tend to offer more opportunities to provide housing for students.
Join us at the The Houstonian Hotel in Houston, TX, where we will be covering capital sourcing and investment in Houston as well as development across the property types and what to look for in 2014. RealShare Houston attracts over 200 commercial real estate professionals across the sector at RealShare HOUSTON on May 1.