underwriting a student housing portfolio

[Brennan Vaughn]

Hey we received off market financials on a 64 bedroom student housing building.

We have been heads down looking at apartments so this is a little outside our zone.

But we were curious if we’re underwriting this how do we go about it since they are charging per room?

Do you have any underwriting resources you can point us to for student housing?

How would a lender look at it different than an apartment ?

Thanks in advance.

- Brennan