AUSTIN, TEXAS — It’s no secret that today’s commercial real estate market can be challenging, whether you’re looking to break ground on a new project or close a transaction. But there’s plenty to be optimistic about in the student housing sector moving forward, according to the industry’s leading voices.
Peter Katz, executive managing director of Institutional Property Advisors, moderated this year’s “Power Panel,” which kicked off the first full day of the 16th annual InterFace Student Housing conference, held at the JW Marriott in Austin. The panel brought together a consortium of high-level executives to provide their thoughts on the current dynamics in the sector and their outlook for the year ahead.
Katz was joined on the panel by Tim Bradley of TSB Capital Advisors, Wes Rogers from Landmark Properties, Rob Bronstein of The Scion Group, Dan Goldberg of Core Spaces, Justin Gronlie of Harrison Street, and Rob Palleschi of American Campus Communities.
Real Estate Business Online and Student Housing Business magazine reported on the panel, highlighting the positive signs that permeate student housing while other sectors struggle.
“There are markets, though, like the one we’re in right now — Austin, Texas — that have been delivering beds over the past 10 years and the market continues to lease up and see rent growth,” said Bradley. “We’ll see how this year ends up, but this is an example of a purpose-built market that had a lot of people concerned with supply and has continued to be pretty stable from a lease up and rent growth perspective each year.”
