Student Housing Business is the voice of the student housing industry.
Issue link: https://studenthousingbusiness.epubxp.com/i/564824
SPECIALIZED HOUSING JULY/AUGUST 2015 STUDENT HOUSING BUSINESS .COM 46 2015 SELECT TRANSACTIONS William Vonderfecht 214.979.6194 william.vonderfecht@cbre.com Jaclyn Fitts 214.979.6524 jaclyn.fitts@cbre.com Ben Roelke 214.979.5609 ben.roelke@cbre.com Mike Bryant 214.979.5612 mike.bryant@cbre.com www.cbre.com/studenthousing THE MARKET LEADER Over $6.28 Billion Closed 35 Properties Sold & Financed in 2014 24 Properties Sold & Financed in First Half 2015 National Student Housing Vistas San Marcos Texas State University 600 Beds Sold Tier I University Portfolio Various Universities 4 Properties | 3,480 Beds Sold & Financed University Park Redevelopment University of Nevada - Las Vegas 13.99 Acres Sold Monarch 301 | Progress 910 GSU | UNC - Wilmington 2 Properties | 1,074 Beds Sold The Highlands University of Nevada - Reno 732 Beds Sold & Financed Auto Lofts University of IL - Chicago 482 Beds Sold Venue University of North Texas 387 Beds Sold & Financed Millennium | Bloom Indiana University Bloomington 2 Properties | 1,099 Beds Sold Mustang Village California Polytechnic State University 514 Beds Under Contract Campus Walk University of NC - Wilmington 535 Beds Sold Gateway at Tempe Arizona State University - Tempe 918 Beds Under Contract University Towers University of Michigan 446 Beds Financed According to Dan Oltersdorf, a principal and vice president of residence life with Campus Advantage, the idea of infusing aca- demics into the on-campus residential experi- ence is making a comeback because research shows live-learn communities contribute to student retention and graduation rates, also translating to more revenue for universities if students continue to live on campus past their freshmen year. "Living with a cohort of people who share similar goals or interests enhances a sense of community," says Oltersdorf. "Students feel better connected to their institution." Honors Housing Honors students at major universities are expected to maintain a rigorous academic cur- riculum that consumes many hours of the day. Their daily schedules are flled with classes, study groups, additional lectures and speak- ing engagements, group projects and more. Universities are more often appealing to this segment of the student population in several ways. The most common way is with new or repurposed housing stock that ofers ample study and group meeting space in the residential building. Honors students need consistent access to soft space that allows for late-night studying, rather than waking The special interest village at Southern Polytechnic State University was completed in 2010. Each house was customized by its respective special interest group before construction, including brick selection and exterior design, as well as interior design. Photo courtesy of Thomas Watkins Photography