Student Housing JV Equity Investment Target IRRs - Sources of Information and Deal ComparablesI am interested in investing in the student housing sector, and I am hoping that you might direct me to sources of information and deal comparables for JV equity investments, deal structures and target IRRs.Would you be able to guide me?

How cyclical is that sector?

I don't buy even if the numbers can show a true 10 cap because if anything happens to the property now my returns are at an 8 CAP.If I buy at a 12 and it goes down some I still am at my goal of a 10 percent return.Of course the CAP never takes into effect your debt service because everybody's is different.The beauty of the commercial sector as there are many finance models and deal structures without the regulation BS on the residential side.Class A property is mainly for institutional investors.They are dealing with retirement accounts of differing sectors etc. and are looking for SAFE returns that keep up with inflation and grow a little.A regular investor trying to do WEALTH ACCUMULATION instead of WEALTH PRESERVATION can't grow enough on marginal returns.This is why most investors focus on B,C,D property.You have the quality of the building A,B,C,D and the quality of the location A,B,C,D.Most of the investors like the value add deals where they can create huge returns once stabilized.Typically in this scenario you will get a group of small investors with 75k such as yourself and pool funds together to buy for cash and rehab.

I learned that from Homer Simpson.The problem with building inspectors is that 100% of them are hacks that can't make it in the private sector so they get a cushy government job and then hassle you.

However when spending is down in those sectors it apparently has a decent effect on property values. 

I'm still trying to figure out how best to define the sector as well. 

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

I have offices in hundreds of areas worldwide. 

Need a lot more information to be at all helpful: sector?

I do think in general multifamily is at a peak but there are still deals out there to be had.A hot sector now is an off shoot of multifamily which is seniors housing.