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 74 TOP 25 OWNERS 2014 Rank: NR FPA Multifamily 368 Jackson Street San Francisco, CA 94111 www.fpamf.com Top Executive: Greg Fowler, General Partner Number of Beds Owned: 6,056 Total Number of Properties Owned: 10 Number of Properties Owned Of-Campus: 10 Number of Beds Owned Of-Campus: 0 Number of Properties Owned On-Campus: 0 Number of Beds Owned On-Campus: 6,056 Number of Properties Owned In Joint Ventures: 0 1 Percentage of Beds Owned in Joint Ventures: 0% Percentage of Portfolio Operated by the Unit: 90% Percentage of Portfolio Operated by the Bed: 10% Number of Colleges/Universities Where Properties Are Located: 6 Sample Campuses: Auburn, SDSU, University of Texas, Arizona state,Florida State 2014 Rank: 23 Trinitas Ventures 201 Main Street Lafayette, IN 47901 www.trinitas.ventures Top Executive: Loren King, CEO Number of Beds Owned: 4,789 Total Number of Properties Owned: 8 Number of Properties Owned Of-Campus: 8 Number of Beds Owned Of-Campus: 4,789 Number of Properties Owned On-Campus: 0 Number of Beds Owned On-Campus: 0 Number of Properties Owned In Joint Ventures: 6 Percentage of Beds Owned in Joint Ventures: 83.2% Percentage of Portfolio Operated by the Unit: 0% Percentage of Portfolio Operated by the Bed: 100% Number of Colleges/Universities Where Properties Are Located: 8 Sample Campuses: Purdue University University of Alabama University of North Carolina - Chapel Hill University of Illinois Indiana University University of Arkansas University of Nebraska - Lincoln Indiana University - Purdue University Indianapolis (IUPUI) 2014 Rank: NR Student Quarters 999 Peachtree Street, Suite 2218 Atlanta, GA 30309 www.stclairholdings.com Top Executive: Andrew Feinour, President Number of Beds Owned: 4,773 Total Number of Properties Owned: 19 Number of Properties Owned Of-Campus: 19 Number of Beds Owned Of-Campus: 4,773 Number of Properties Owned On-Campus: 0 Number of Beds Owned On-Campus: 0 Number of Properties Owned In Joint Ventures: 15 Percentage of Beds Owned in Joint Ventures: 70% Percentage of Portfolio Operated by the Unit: 5% Percentage of Portfolio Operated by the Bed: 95% Number of Colleges/Universities Where Properties Are Located: 7 Sample Campuses: University of Alabama, East Tennessee State University, University of North Carolina at Greensboro, Sam Houston State University, Valdosta State University, West Georgia University 2014 Rank: 24 Harrison Street Real Estate Capital 71 S. Wacker Drive, Suite 3575 Chicago, IL 60606 www.harrisonst.com Top Executive: Chris Merrill, President and CEO Number of Beds Owned 3 : 4,746 Total Number of Beds Owned Including Joint Ventures: 36,501 Total Number of Properties Owned: 71 Number of Properties Owned Of-Campus: 3 Number of Beds Owned Of-Campus: 35,066 Number of Properties Owned On-Campus: 68 Number of Beds Owned On-Campus: 1,435 Number of Properties Owned In Joint Ventures: 60 Percentage of Beds Owned in Joint Ventures: 87% Percentage of Portfolio Operated by the Unit: 3% Percentage of Portfolio Operated by the Bed: 97% Number of Colleges/Universities Where Properties Are Located: 52 Sample Campuses: Texas A&M;, University of Oregon, University of Minnesota, University of Central Florida 2014 Rank: 25 M&A; Real Estate Partners 10990 Wilshire Blvd, Suite 1220 Los Angeles, CA 90024 www.manda-partners.com Top Executive: Adam Stein and Marc Lebowitz, Principals Number of Beds Owned: 4,160 Total Number of Properties Owned: 25 Number of Properties Owned Of-Campus: 25 Number of Beds Owned Of-Campus: 4,160 Number of Properties Owned On-Campus: 0 Number of Beds Owned On-Campus: 0 Number of Properties Owned In Joint Ventures: NR Percentage of Beds Owned in Joint Ventures: NR Percentage of Portfolio Operated by the Unit: 70 Percentage of Portfolio Operated by the Bed: 30 Number of Colleges/Universities Where Properties Are Located: 12 Sample Campuses: UCSB, U Oregon, U Wisconsin – Madison Footnotes: 1 In some cases, respondents omitted data or had errors in their submissions that could be calculated using other data provided. This answer has been assumed by SHB based on data provided by the company. 2 Harrison Street Real Estate Capital (#24) is under agreement to acquire Campus Crest Communities. As such, the beds for Campus Crest Communities have been omitted from the survey due to the public nature of the transaction. In public documents, the company reports owning an interest in 42,000 beds in North America. 3 Private equity fund owners are ranked in the main listing using the number of beds they own that are not held in joint ventures. Their listings contain an extra feld, "Total number of beds owned including joint ventures" that shows the total number of beds the company holds ownership stakes in. This is done to prevent double counting of beds among the Top 25 Owners. See separate ranking of private equity frms on page 66. 4 The Woodlark Companies elected not to participate in the 2015 Top 25 Owners' survey. Research by SHB estimates that Woodlark owns and operated approximately 14,000 beds and would have ranked 7th on the Top 25 Student Housing Owners at the time of the survey. 5 University House Communities was ranked in the 2014 Top 25 Owners as Inland American Communities. 6 Campus Evolution Villages elected not to participate in the 2015 Top 25 Owners' survey. Research by SHB estimates the company owns approximately 8,500 beds and would have ranked 15th on the Top 25 Student Housing Owners at the time of the survey. 21 24 23 22 26 Landmark Properties, Inc. Number of Beds Owned: 4,033 Total Number of Properties Owned: 9 27 Campus Village Communities Number of Beds Owned: 2,647 Total Number of Properties Owned: 10 28 Cardinal Group Management Number of Beds Owned: 2,612 Total Number of Properties Owned: 4 29 Orion Student Housing Number of Beds Owned: 2,300 Total Number of Properties Owned: 7 30 CampusWorks Development Number of Beds Owned: 2,178 Total Number of Properties Owned: 6 25 WHO'S CLOSE? Narrowly missing our Top 25 rankings were these companies: