acq
disp
net
acq
disp
net
acq
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net
INDUSTRY TRENDWATCH
January/February 2017 StudentHousingBusiness.com
26
MARKET PERFORMANCE
U.S. Student Housing APT North America APT
actual chg vs prior actual chg vs prior
Volume $ (mil) past 12 mos. 9,211.9 55% 158,840.6 0%
Q4 '16 2,087.7 49% 43,176.0 13%
No. of props past 12 mos. 339 34% 7,903 -7%
Q4 '16 89 65% 1,939 -2%
Total units past 12 mos. 55,295 26% 1,166,274 -6%
Q4 '16 10,636 24% 294,357 1%
Price $/unit past 12 mos. 185,455 16% 146,248 7%
Q4 '16 258,012 64% 154,391 9%
Avg Cap Rate past 12 mos. 6.00% -9 5.72% -18
Q4 '16 6.71% 56 5.89% 28
INVESTMENT MARKET REAL-TIME SNAPSHOT
Volume, pricing and performance statistics for the student housing investment market.
Information courtesy of Real Capital Analytics and updated as of 1/17/2017 www.rcanalytics.com
(2,000)
(1,000)
0
1,000
2,000
3,000
4,000
2013 2014 2015 2016 (YTD)
Ins$tu$onal
(500)
0
500
1,000
1,500
2,000
2,500
2013 2014 2015 2016 (YTD)
Cross-Border
(3,000)
(2,500)
(2,000)
(1,500)
(1,000)
(500)
0
500
1,000
2013 2014 2015 2016 (YTD)
Public Listed/REITs
(6,000)
(5,000)
(4,000)
(3,000)
(2,000)
(1,000)
0
1,000
2,000
3,000
4,000
2013 2014 2015
2016 (YTD)
Private
United States Student Housing APT North America APT
4%
4%
3%
4%
1%
47%
64%
55%
31%
61%
18%
7%
9%
5%
7%
2%
1%
1%
21%
6%
29%
24%
32%
39%
25%
2013 2014 2015 2016 (YTD) 2016 (YTD)
Ins5tu5onal
Cross-Border
Public Listed/REITs
Private
User/Other
acquisitions
dispositions net
CAPITAL FLOWS
Net Investment ($ mil)
INVESTMENT ACTIVITY
Buyer Types
U.S. Student Housing Apts N. American Apts
Based on properties and portfolios of ~ $2.5 million or greater