Student housing operates on its own field. Unlike traditional apartments, student housing has a leasing schedule set by the academic calendar and is priced per bed, not per unit. These details will make pricing student housing assets more challenging through the economic dislocation caused by the coronavirus pandemic, compared to traditional apartments.

“Most property management systems are designed for the conventional apartment market and do not take the anomalies of student housing into consideration,” Jake Jarman, COO for Redstone Residential, tells GlobeSt.com. “We lease by the bed rather than by the unit and have an entirely different leasing season – one that correlates with the academic school year. At current, it is difficult to be agile with pricing. Another challenge we see as we are setting yearly budgets is we don’t necessarily have the pricing information of our competitors during the rate-setting process.”


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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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