CAPRE’s Carolinas Student Housing Forum Preview: Texla Housing Partners’ Roger Phillips Says Patience is Key to Fixing Disconnects Between Buyers and Sellers

RALEIGH, NC -- TEXLA Housing Partners is a real estate firm specializing in the acquisition, reposition and management of student housing and multi-family properties. The firm through its joint ventures and management affiliates currently manage assets throughout the U.S. exceeding $175MM in value. Roger Phillips is CEO of TEXLA Housing Partners and will be a featured speaker at CAPRE's Carolinas Student Housing Forum tomorrow. Below, we connected with him to showcase his recent activity and observations. CAPRE: Thanks for chatting with us today, Roger. Please share with us a bit about the kind of activity or trend lines you’re tracking with regards to student housing in the Southeast. Phillips: We’re value-add buyers and managers. We just recently closed on a couple of projects in Texas that will be value-add opportunities. We’ve also picked up some third-party business in Florida and we are really trying to enhance that side of our business as well. We’re generally trying to track some of these markets that have been hit with too much supply and trying to follow to see when they’ll be able to get back to a stable position. CAPRE: So what are you finding? Phillips: Right now, a lot of them are not stable. College Station, Norman, Oxford and a host of markets have had too much supply. At some point they’ll hopefully get back to an equilibrium but right now they’re definitely favoring the tenant in terms of pricing and…