Campus Apartments’s Miles Orth Takes Aim at Federal Decision to Kick Out International Students, Expects Pandemic Disruption in Student Housing until Fall 2021 in Broad-Ranging CAPRE Interview

NEW YORK, NY -- All commercial real estate sectors are impacted by the COVID-19 Pandemic, but few are as deeply impacted as the student housing industry. CAPRE wanted to get the lowdown on the latest in student housing, so CAPRE’s Brian Klebash connected with Miles Orth, Executive Vice-President & Chief Executive Officer of Campus Apartments for up close Q&A, to hear it straight from the horse’s mouth. “Will the de-densification of universities and colleges due to social distancing guidelines benefit off-campus housing?” kicked off Klebash, diving straight into the meat of things. Orth swiftly responded, remarking that there will be benefits to some off-campus student housing operators across the country, especially those that have maintained strong relationships with the universities that they serve. “Schools certainly are looking to do that, and it’s been happening for the last 60 days at many campuses – schools are reaching out to secure those beds off-campus,” he explained. Next, Klebash turned his attention more directly to the Pandemic. “The virus seems to be contained in the Northeast but there are some serious issues in the South. As a major operator in student housing, how do you react to that?” he asked. “We’re all obviously student housing operators and everyone out there is having to become an independent “Expert” in this pandemic because it’s impacting your operations,” Orth replied. “So we’re deciding to follow the science – not the pundits or the politicians.” How has…