SAN DIEGO—Now that it's recognized as a viable and profitablealternative category for those looking to diversify, student housing is encouraging strength of scale anddrawing private, public and international investors, PierceEducation Properties L.P.'s president and CEO Fred Pierce tells GlobeSt.com. Pierce recently notedthat the top 25 owners in the student-housing sector continue to dominatestudent-housing ownership, with their annual market share of theAXIO 175 markets (which reflects the 175 national studenthousing markets surveyed by Axiometrics) ranging from 59% to69% and averaging 65% in recent years. This shows that as more than261,000 new beds were delivered to the national marketplace since2010, the majority of that additional supply has either been heldby or sold to the top 25 owners.
In addition, the aggregate beds owned by the top 25 hasincreased 75% since 2010 from 276,412 to 482,684 beds today, Piercesays. The relative market share also affirms that the top 25 remainthe major players in the acquisition of existing studenthousing assets.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
