Professionals Keep Cool On Student Housing
NEW ORLEANS—The student housing sector is still sought after by a variety of investors. Yet it has its own nuances that anyone looking to get into the business needs to be aware of. Recently, GlobeSt.com caught up with Jim Arbury, vice president for student housing for the National Multi Housing Council, to discuss his thoughts on the sector. Arbury was one of the speakers at the 11th Annual NMHC Student Housing Conference & Exposition, held here Sept 30 – Oct 2. Here are a few of his major talking points:
- On whether the sector is in danger of overheating: Student housing has come a long way in terms of sophistication. As such, the professionalism in the business, along with the increased amount of research and information available, has greatly diminished the chances of much harm being done.
- Availability of financing and concerns over the GSEs: There’s plenty of capital available, but to you really need to know what you’re doing when you get into this sector. Arbury also doesn’t see any moves to temper the GSEs’ activity on the immediate horizon.
- The impact of the economy on demographics: The sector has become a little flatter in terms of demand as people are adapting to the economic situation, but the investment in higher education is still a good one.
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