Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Like many speakers at the second annual RealShare Student Housing conference, keynote speaker Mitchell Kiffe said he likes where student housing is going. And like the other speakers, Kiffe, who is Freddie Mac’s vice president of sales and production–multifamily acknowledged there might be some pain in the overall multifamily sector during the next 18 to 24 months. “Multifamily is in for a tough ride,” he said. “But long term, Freddie Mac is bullish about it.”

But within multifamily, the student housing sector has everything going for it, he continued. The demographics are solid, as more students graduating from high school are attending college. Even better is that more foreign students are coming to the United States for their education, he added.

Though the student housing sector is strong, Kiffe suggested it could be stronger in three ways. First, there is a need for standardization of language. “What does ‘purpose-built’ mean?” he asked. “We have a definition (at Freddie Mac), but if you were to go to everyone in this room and ask, they’d have a different definition.”

Second, he said, those in the sector need more market data to determine the characteristics of the student markets they’re trying to target. And finally, there needs to be representation, an entity that can provide a unified voice, such as that provided by the National Multi-Housing Council.

Kiffe said the student housing sector could move in this direction by looking at the senior housing sector. Senior housing, he pointed out, went through the same growing pains some years ago that student housing is facing today. “What senior housing has gone through can be instructive for this industry,” Kiffe commented.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.