Student Housing Project

[Tom Ott]

Hello BP World!

Smartland has recently expanded into the world of Student Housing and I am looking for some opinions on this kind of investment.

Background:

We have secured a building on a small college campus in Cleveland that currently does not offer student housing to its students on campus. The only option students have is about 20-30 miles away. We are semi-working with the school to offer student housing for the first time on campus.

My Questions for all of you are:

How have you invested in student housing? Do you purchase small properties on campus, or do you own apartment buildings?

I have an idea of what to expect when managing a dorm, but I am wondering if anyone has any experience with it? Did reality differ from expectations? Explain the differences between managing a dorm vs. managing a large apartment complex.

Please give me any opinion you may have on Student Housing? I am eager to learn more from actual experience, not just books and websites! 

Thanks for your help!

[Jeff Greenberg]

Background:

We have secured a building on a small college campus in Cleveland that currently does not offer student housing to its students on campus. The only option students have is about 20-30 miles away. We are semi-working with the school to offer student housing for the first time on campus.  Are these property actually on the campus?

My Questions for all of you are:

How have you invested in student housing? Do you purchase small properties on campus, or do you own apartment buildings? The properties we have invested in were off campus and were already SH.  

I have an idea of what to expect when managing a dorm, but I am wondering if anyone has any experience with it? Did reality differ from expectations? Explain the differences between managing a dorm vs. managing a large apartment complex.  We do not manage dorms, but off campus housing.  There are many differences between SH and market rate MF.  I suggest that you view my podcast on this topic. http://synergeticinvestmentgroup.com/2019/01/02/rod-khleif-student-housing/

Please give me any opinion you may have on Student Housing? I am eager to learn more from actual experience, not just books and websites!   PM me to get on a phone call.