MARCH/APRIL 2015 STUDENT HOUSING BUSINESS .COM
36
INDUSTRY TRENDWATCH
MARKET PERFORMANCE
U.S. Student Housing APT North America APT
actual chg vs prior actual chg vs prior
Volume $ (mil) past 12 mos. 3,030.5 -4% 113,998.8 8%
Q4 '14 1,032.9 1% 34,945.2 9%
No. of props past 12 mos. 141 -20% 6,925 9%
Q4 '14 36 -10% 1,896 1%
Total unit past 12 mos. 22,195 -23% 1,014,036 2%
Q4 '14 6,885 3% 291,898 3%
Price $/unit past 12 mos. 143,789 2% 124,111 9%
Q4 '14 147,654 -9% 132,736 2%
Avg Cap Rate past 12 mos. 6.32% -34 6.09% -11
Q4 '14 6.02% -5 6.09% 12
INVESTMENT MARKET REAL-TIME SNAPSHOT
Volume, pricing and performance statistics for the student housing investment market.
Information courtesy of Real Capital Analytics and updated as of 3/18/2015 www.rcanalytics.com
SALES TRANSACTION VOLUME PRICING ANALYSIS
Q1 '12 Q1 '13 Q1 '14
Q1 '12 Q1 '13 Q1 '14
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
U.S. Student Housing APT
U.S. Student Housing APT
North America APT
North America APT
12%
11%
10%
9%
8%
7%
6%
5%
4%
3%
Average
Price
($)
Per
Unit
300%
250%
200%
150%
100%
50%
0%
-50%
-100%
5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
Q1 '12 Q1 '13 Q1 '14
Q1 '12 Q1 '13 Q1 '14
Rolling 12-mo. Total
Quarterly Vol.
Sales
by
Total
$
(mil)
Changes
in
Sales
(Year
Over
Year)
Average
Cap
Rate
(Yield)