Student Housing: Investment Real Estate’s Best Kept Secret
EASTON, MD – Bob Greenlee, Senior Advisor for SVN | Miller Commercial Real Estate and Managing Director of the Chesapeake Office in Easton, recently attended Bisnow’s annual National Student Housing Conference in Philadelphia. He was there on the behalf of a leading multinational investment bank and financial services company seeking to expand on nearly a billion dollars already invested in the student housing space. While there, Greenlee also met with key prospects for a number of local and Mid-Atlantic student housing projects.
‘Yields in the student housing market are among the strongest of all commercial real estate product types, and higher than conventional multifamily investments,’ Greenlee said.
Recognizing investors are now viewing student housing as one of the few recession-resistant asset classes, Greenlee has made this ‘niche market’ a top focus for his Chesapeake Office and is cultivating a team of experts specifically dedicated to the industry.
The increase in demand has developers competing for market-share with state-of-the-art designs, keeping ‘Gen Z’ students top of mind. These majestic high-rise buildings have ultra-creative floorplans, high-level technology along with convenience and ‘experience’ capturing the attention and attracting students to colleges nationwide.
‘Student populations are on the rise,’ Greenlee said. ‘And we’re excited to be a part of this thriving, very sustainable investment opportunity.’
Greenlee has been in investment real estate for over 30 years. In addition to brokerage, he offers asset management, valuation and consulting services in a variety of capacities across the commercial real estate spectrum.
For more information about SVN | Miller Commercial Real Estate, the Chesapeake Office, or SVN, Inc., please contact 443-390-2600.
SVN-MILLER COMMERCIAL REAL ESTATE
SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Easton, MD, and Seaford, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).
SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).