Since 2007, KAREA 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 $3 billion in student housing communities encompassing more than 50,000 beds across 46 universities in 25 states and Canada. In November 2012, KAREA’s sale of 21 student housing properties for $863 million was, at that time, the largest private sale of student housing assets ever recorded.
Continuing college enrollment growth projected through at least 2020
Source: Centers for Medicare & Medicaid Services. “National Health Expenditure Projections 2011-2012.” 2012.
More than 75% of public university students require off-campus housing
Source: US Department of Education, National Center for Education Statistics, Pew Research Center.
Robust liquidity for exit options from institutional investors, sponsor groups and/or REITs
Highly fragmented sector with few proficient operators