Student Housing Business

MAR-APR 2018

Student Housing Business is the voice of the student housing industry.

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TOP INVESTORS 78 March/April 2018 been the top buyer among RCA's list of top student housing inves- tors (See chart on p. 82. Note: RCA lists buyers separately with the total transaction volume, regardless of that entity's contribution to the transac- tion) SSC's activity, as ranked by RCA over the past 24 months, totals about $3.4 billion, ranking The Scion Group, GIC and CPPIB first, second and third on RCA's list of top investors. Ranking fourth on the list is Mapletree. The company's $1.6 billion acquisition from Kayne Anderson pushes it near the top of the list, and, if the list were bro- ken out by individual company contribution, Mapletree would likely rank as the largest investor in 2017. Mapletree also acquired seven properties from Kayne in November 2016. SHB has taken publicly available numbers to compute the value of the transac- tions in this article; RCA's num- bers are only inclusive of select assets. Fifth on RCA's list of Top Buyers is American Campus Communi- ties. ACC has steadily purchased student housing assets over the past 24 months, buying more than $814 million worth of assets. Among the assets the company picked up from its $590.6 mil- lion purchase from Core Spaces in September 2017 are The James, an 850-bed project in Madison, Wis- consin; Hub Eugene, a 513-bed project in Eugene, Oregon; State on Campus CSU, a 665-bed prop- erty in Fort Collins, Colorado; and Hub U District Seattle, a 248-bed community in Seattle. Campus Advantage acquired a number of properties in 2017, ranking it number 6 on RCA's list over the past 24 months. Many of those properties were acquired in a joint venture with the num- ber 7 investor, Saban Real Estate. The venture purchased a 19-prop- erty portfolio (more than 12,000 beds) in 2016. That portfolio, from American Campus Communities, was valued at $508 million. At number 8 is EdR. The REIT has purchased eight proper- ties valued at nearly $400 mil- lion over the past 24 months. The company's acquisitions over the past 24 months include 319 Bragg, a 305-bed property near Auburn University in Alabama, and The Retreat at Corvallis, 1,016-bed project near Oregon State Univer- sity in Corvallis, Oregon. Raleigh, North Carolina-based The Preiss Company, is ranked by RCA as the ninth largest acquirer of student housing over the past 24 months. TPCO's most recent acquisitions include the 520-bed 48 North community and the 660- bed University Village at Char- lotte near the University of North Carolina at Charlotte with a new joint venture partner. The compa- ny previously owned the proper- ties with another investor. In early 2017, TPCO acquired two student housing communities, Grand- Marc at University Village, a 760- bed community near UC-River- side in California, and Gateway at Huntsville, a 416-bed community serving Sam Houston State Uni- versity in Huntsville, Texas. Ranking 10th on RCA's list is tsbrealty.com Looking to sell your property? Start by working with the leader in student housing investment sales. At TSB Realty, our experienced team takes a personalized approach to execute your exit. Our custom-tailored strategies have led to more than $2.6 billion in sales over the last few years, putting TSB Realty at the top of the student housing industry—and in the best position to deliver results for you. EdR acquired the 305-bed 319 Bragg near Auburn University in Alabama in 2017.

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