Student Housing Business

JUL-AUG 2018

Student Housing Business is the voice of the student housing industry.

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IN THIS ISSUE July/August 2018 StudentHousingBusiness.com 6 PLUS: TH I R D-PARTY VS. S E LF-MANAG E M E NT FU R N ITU R E TR E N D S ON-CAM PUS D EVE LOPM E NT STU D E NT HOUS I NG I N D USTRY SALARY SU RVEY J U LY/AUG UST 2018 STUDENT HOUSING BUSINESS ® DEVELOPING FOR SUCCESS With 45,000 beds being delivered this fall, development is moving at a steady pace. Wes Rogers, CEO of Landmark Properties, the country's largest student housing developer, gives his thoughts on development and the industry. FEATURED STORY 32 Developing For Success With 45,000 beds being delivered this fall, development is moving at a steady pace. Wes Rogers, CEO of Landmark Properties, the country's largest student housing developer, gives his thoughts on development and the industry. Interview by Richard Kelley and Randall Shearin 50 Fall 2018 Delivers 45,000 New Beds Strong pre-leasing, high occupancy and investor interest fuel a continued development boom in student housing. By Sarah Foronda, Matthew Chase and Max Worobow 54 In House or Third-Party? Student housing success rests on capable, experienced management. Some investors need seasoned third-party pros while other owners embrace the DIY route. Interviews by Randall Shearin and Lynn Peisner 62 Destination: Consolidation Large portfolios provide the performance space high-sum institutional capital demands. By Lynn Peisner 72 On-Campus Development The story on-campus continues to be growth in public-private partnership development, and a focus on affordability and amenities that foster academic success. By Katie Sloan 78 Compensation Continues To Flatten With many owners shifting to buy-and-hold philosophy, salaries are down for development roles. Compiled by Josh Logelin, Managing Director, Specialty Consultants, Inc. 80 Furnishing For Success Today's students seek modern, multifunctional furniture that optimizes space, incorporates current technology and promotes productivity — both socially and academically. By Katie Sloan 90 Multiple Effect Managing multiple assets in a single market leads to many benefits for student housing operators. By Randall Shearin DEPARTMENTS & COLUMNS News in Brief 8 Campus Update 22 Question of the Month 28 Industry Trendwatch 30 SHB Interview Wes Rogers, Landmark Properties 32 View from the Academe University of Kentucky 42 Company Profile SmartStop Asset Management 48 Project Profile Theory Raleigh 98 Smarter Operations 100 What's On My Mind Brian Thompson, CA Ventures 102 Pictured on the cover is Landmark Properties' The Mark Athens near the University of Georgia campus, which features 928 beds of student housing — and Landmark's corporate headquarters. MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY MULTI-FAMILY SPECIALISTS DEDICATED TO SPECIALISTS DEDICATED TO SPECIALISTS DEDICATED TO SPECIALISTS DEDICATED TO ON-TIME DELIVERY! ON-TIME DELIVERY! ON-TIME DELIVERY! ON-TIME DELIVERY! ON-TIME DELIVERY! ON-TIME DELIVERY! ON-TIME DELIVERY! ON-TIME DELIVERY! RELATIONSHIPS I COLLABORATION I RESULTS CONSTRUCTION ENTERPRISES, INC. 2179 Edward Curd Lane, Suite 100 Franklin TN 37067 Phone: 615-332-8880 www.construc� onenterprises.com

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