Since 2007, KA Real Estate has been a premier investor in the off-campus student housing sector. During this period, the firm has acquired, developed and/or sold more than $2.6 billion in student housing communities encompassing more than 40,000 beds across 48 universities in 26 states and Canada. KA Real Estate has aggregated and sold a number of institutional portfolios in recent years but continues to be active in developing amenity rich, off-campus properties.
Enrollment growth rate continues to accelerate, with 12% increase projected from 2013 through 2024
Source: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System 2015
More than 75% of public university students require off-campus housing
Source: US Department of Education, National Center for Education Statistics, Pew Research Center.
Significant interest in ownership of dollar denominated student housing by foreign pensions as well as domestic and institutional investors.
Highly fragmented sector with few proficient operators