Student Housing Business is the voice of the student housing industry.
Issue link: https://studenthousingbusiness.epubxp.com/i/488341
TOP DEVELOPERS MARCH/APRIL 2015 STUDENT HOUSING BUSINESS .COM 48 THE TOP DEVELOPERS IN STUDENT HOUSING Survey reveals who is developing beds and, more importantly, the total number of beds being developed over the next few years. Survey by Student Housing Business staff S Student Housing Business surveyed companies participating in its annual Top 25 Owners survey to fnd out the top developers in student housing. For our inagurual survey, we were open-ended. We asked the questions, "How many properties does your company currently have under devel- opment? How many beds does your company currently have under development?" Closer to our publication date, we made attempts to clarify and verify the numbers that were reported. Since most development is constructed within the next three academic years, most projects reported are currently under construction for a fall 2015 open- ing; or actively in development for fall 2016 and fall 2017 openings. We asked that companies verify that projects reported were for active stu- dent housing developments, not planned or pro- jected developments. In addition to companies on our Top 25 Owners ranking, SHB also identi- fed several student housing companies who had signifcant development programs and surveyed them as well. This is not an in-depth survey. The defni- tion of "under development" itself is murky. It is self-determined by each company as to what stage a project is in when considered actively "under development." As a third-party gatherer, we counted on the industry to be honest in its reporting. For many numbers, we did re-ques- tion the sources with qualifcations, and feel that the numbers reported are an accurate refection of what privatized student housing companies are developing. However, this survey is SHB's frst attempt at determining which companies are developing properties, and to ascertain an approximation of the total number of privatized student housing beds under development. We did not request an on-campus versus off-campus breakdown from companies. We also did not request that companies break out openings by academic year, though many did report this vol- untarily. Some companies left out projects they felt should not be included. Universities were not surveyed for their development plans. Most importantly, this survey only covers the top 20 respondents; we surveyed many more and there are numerous private companies in the industry building one, two or a handful of smaller proj- ects. This survey will not account for many beds being developed in the industry. Our results show that there are, at present, more than 97,000 purpose-built student hous- ing beds under development by private student housing developers. To be included on our next ranking of develop- ment companies, please contact Editor Randall Shearin at randy@francemediainc.com Developer Company Number of Current Number of Owner Rank Name Development Projects Beds Rank 1 Landmark Properties 20 14,305 18 2 CA Ventures 27 13,400 NR 3 American Campus Communities 20 10,415 1 4 EdR 10 6,439 2 5 University Student Living 10 5,833 NR 6 Park7 7 5,381 NR 7 Aspen Heights 8 4,565 12 8 University House Communities (formerly Inland) 8 4,182 15 9 Core Campus 5 3,468 NR 10 Haven Campus Communities 5 3,442 NR 11 Trinitas Ventures 5 3,250 23 12 Sterling University Housing 5 2,988 19 13 Balfour Beatty Campus Solutions 6 2,918 NR 14 Kayne Anderson Real Estate Advisors 5 2,797 11 14 Asset Campus Housing 6 2,796 NR 15 Diamond Realty Investments, Inc. 5 2,417 14 16 CampusWorks 5 2,270 NR 17 Capstone Development Partners 3 1,684 NR 18 Blue Vista Capital Management, LLC 3 1,663 7 19 Capstone Collegiate Communities, LLC 2 1,632 22 20 The Scion Group 2 1,200 5 NR = Not ranked Total beds: 97,045