X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN, TX-After years of providing student housing consulting services solely to its student housing clients, Campus Advantage is opening the advice side of its business to all interested parties. The organization’s consulting arm provides market guidance and other information to owners, lenders, universities and private developers.”Like any other organic growth, we woke up one day and realized we’d been practicing this line of business for years,” explains Mike Peter, Campus Advantage’s president. “Providing these studies and information had been little more than an added service for existing clients who were investors and developers, but then we learned our studies were getting circulated among lenders, bankers and developers.” When the clients started referring others to Campus Advantage for information, “we put it all together and realized it was time we offered this up as a service,” Peter tells GlobeSt.com.Campus Advantage, which acquires, owns and operates student housing nationwide, could go national with the consulting as well, though it’s gotten plenty of interest for its consulting services in the United States. “We’ve been asked to do studies in different companies,” says Brittany Belson, the company’s senior market analyst. “We’ve gotten calls from Australia and parts of Asia for information.”Peter isn’t surprised that interest in the consulting side has taken off. Student housing, he points out, is still recession resistant – “not recession-proof,” he is quick to say. What’s adding more interest are the distressed student housing assets that are coming on the market these days.”When times were good and things trading at ridiculous cap rates, people bought and overpaid for assets. And if you were even moderately okay at operating these things, you looked like a genius,” Peter comments. But these days, “moderately okay” doesn’t cut it when it comes to student housing management. As a result, many of these buys from two and three years ago are becoming distressed assets. “The wheat is being separated from the chaff,” Peter says. “This is providing some outstanding acquisition opportunities.

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?

GlobeSt

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.