Student Housing Business

JUL-AUG 2018

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

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ON-CAMPUS DEVELOPMENT July/August 2018 77 community to analyze those options and make those choices based on not only the historic structure but what the long-term economic viability is of a renovation." For future development, it is important to not utilize a one-size-fits-all approach to on- campus housing. "We are seeing more diver- sification campus by campus," says Noyes of Brailsford & Dunlavey. "If you look at it nationally, some campuses are growing and some are shrinking; some campuses are tar- geting particular populations; some states are doing very poorly at attracting international students, while others are more successful. There is less assumed consistency going in from campus to campus, and we are tweak- ing some of the analysis tools that we use to reflect this new condition to make sure that we pick up on dramatic differences between cam- puses as they're shifting and becoming more heterogeneous." Williams of University Student Living believes a major trend to come will be utiliz- ing public-private partnerships to fix deferred maintenance issues. "The financial crunch that these universities are under is such that we are a solution to their problems," he says. "There are schools that have up to $1 billion worth of deferred maintenance and problems that they need to fix in their buildings. They're letting us come in and turn their entire housing stock into a P3 — that is going to be a trend where we basically monetize their housing stock so that we can fix everything, build new develop- ments and renovate. It will still be operated by the university, but financially we will own it, and that is a solution to the deferred mainte- nance problem." SHB The University of South Florida For 28 years student housing has been our focus. From Boston to Tampa to Seattle, we are partnering with colleges and universities nationwide to develop new housing communities for their campuses. Whether you are seeking to bring housing to your campus for the first time or want to create a mixed-use residential village we will work with you to creatively finance and deliver student housing that achieves your campus goals. Developing Housing Communities for Students to . . . LIVE. LEARN. PLAY. THRIVE. RISE: A Real Estate Company is currently developing Phase I of a three-phase development plan at Appalachian State University in Boone, North Carolina. All phases of development are set to open by 2023.

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