Student Housing Business is the voice of the student housing industry.
Issue link: https://studenthousingbusiness.epubxp.com/i/616872
NOVEMBER/DECEMBER 2015 STUDENT HOUSING BUSINESS .COM 26 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. 4,667.0 34% 136,391.7 22% Q3 '15 929.3 -19% 34,683.5 9% No. of props past 12 mos. 197 8% 7,871 9% Q3 '15 35 -26% 2,102 6% Total unit past 12 mos. 35,185 28% 1,148,961 8% Q3 '15 5,553 -32% 282,423 1% Price $/unit past 12 mos. 147,457 3% 131,510 10% Q3 '15 176,618 18% 133,279 7% Avg Cap Rate past 12 mos. 6.11% -23 5.97% -14 Q3 '15 6.28% 11 5.81% -19 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 11/30/2015 www.rcanalytics.com TOP BUYERS (PRIOR 24 MONTHS) Rank Buyer Location Acq $ (mil) # Props Avg Price $ (mil) Total Global Acq $ (mil) # Props 1 Harrison Street RE Capital Chicago, IL 1,861.8 63 29.6 5,144.9 206 2 Scion Group Chicago, IL 435.8 14 31.1 960.0 36 3 American Campus Communities Austin, TX 379.3 8 47.4 4,751.7 191 4 Inland Real Estate Group Oak Brook, IL 343.0 6 57.2 19,275.4 1,006 5 Starwood Capital Group Greenwich, CT 293.3 11 26.7 35,950.0 1,501 6 EdR Memphis, TN 245.8 5 49.2 1,662.3 61 7 Principal Financial Des Moines, IA 237.6 7 33.9 13,237.3 332 8 Lubert-Adler Philadelphia, PA 219.6 5 43.9 4,341.8 306 9 Candlebrook Properties New York, NY 219.6 5 43.9 2,070.5 175 10 Campus Advantage Austin, TX 197.8 7 28.3 709.4 23 TOP SELLERS (PRIOR 24 MONTHS) Rank Seller Location Disp $ (mil) # Props Avg Price $ (mil) Total Global Disp $ (mil) # Props 1 Campus Crest Charlotte, NC 1,737.7 66 26.3 1,987.9 80 2 American Campus Communities Austin, TX 557.2 24 23.2 1,178.5 49 3 Harel Insurance Invts Tel Aviv, Israel 369.7 3 123.2 1,179.3 17 4 SL Green New York, NY 369.7 3 123.2 11,275.8 129 5 Landmark Properties Athens, GA 341.2 5 68.2 688.9 13 6 Harrison Street RE Capital Chicago, IL 310.2 8 38.8 1,164.3 53 7 Blue Vista Capital Chicago, IL 233.3 6 38.9 967.4 46 8 Jeff Sutton New York, NY 222.7 2 111.4 774.5 19 9 Tristate Equities New York, NY 222.7 2 111.4 347.0 7 10 Trinitas Ventures Lafayette, IN 219.6 5 43.9 303.8 9