Student Housing

Student housing REITs tend to do well no matter where the cycle is as students will always go to college, even -- especially -- during a downturn.

The latest deals, personnel moves and transactions in the Midwest region.

Student housing has a unique ability to outperform other property types in a down market, a compelling feature given where we are in the cycle.

The 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC.

The transaction would be structured as a 75-year ground lease between ACC and a Walt Disney World Resort subsidiary.

The $593 million issued by DASNY on behalf of NYU was offered as a $349-million tax-exempt series and a $244-million taxable series.

To date, KAREP V has successfully deployed more than 20% of the KAREP V fund or approximately $360 million. KAREP V is seeking opportunities across seniors housing, medical office and student housing sectors, the company states.

San Francisco has an estimated 80,000 students but an inventory of only 9,000 beds, creating a significant shortfall, resulting in the construction of another 600-plus beds in the form of City Gardens.