CAPRE Exclusive | Student Housing Developers Discuss Demand-Supply Dynamics Around US and Unique Opportunities for New Entrants

DENVER, CO -- CAPRE's inaugural Mountain West Student Housing Forum debuted late last week, and kicked off with a wide-reaching introductory panel, Mountain West Student Housing 360: Development, Investment & Leasing Activity in 2019. Featuring a quartet of leading experts representing both regional and national perspectives, the panel kicked off with David M. Pierce, Principal at Parallel Company sharing an overview of the national landscape from the Parallel perspective. “I think the overall picture is still very good. There’s some volatility. There are some markets that we simply won’t go to anymore, because they are overbuilt, and it will take years to recover. There are some markets we’ll go into and we’ll compete to cannibalize product that’s 15 years old, because that’s all that’s there….and it could create some problem for those properties," he shared. “There is another opportunity out there -- and we’ve all talked about it – there are smaller markets that have remained relatively quiet, and there aren’t many of them, but there are small markets where you can go in and build differentiated product, modern & amenitized, but then people will notice you’re there and they’ll come too and the competition will start. There are opportunities out there. It’s not like it was ten years ago, but you can build something and fill out. We’re optimistic…we’re bullish on the next few years.” Next, Lee Ryder, President of University Communities LLC offered a similar take on the…