Engineering Inc. - September/October 2019 - 10
THEPRIVATESIDE
Student Housing: A Stable and Growing P3 Sector
By Erin McLaughlin
Annual Economic Outlook
A
Public-Private
Partnerships (P3s)
The value
of P3s
among
higher
education
institutions
and the
private
sector
soared
to $3.1
billion in
2016 from
less than
$1 billion in
2010
lthough considered a mature sector within
the larger public-private partnership (P3)
market, student housing continues to
grow, providing opportunities for A/E
firms. According to EY-Parthenon, the value of P3s
among higher education institutions and the private
sector soared to $3.1 billion in 2016 from less than
$1 billion in 2010.
P3 project delivery is a good fit for universities-
particularly large, cash-strapped public institutions-
as it allows them to divert money to academic
priorities, and "user fees" are certain from students'
tuition and fee payments. Although the majority of
millennials enrolled in higher education have cycled
through, future student enrollment is predicted to
steadily increase. The U.S. Department of Education
forecasts undergraduate college enrollment will be
17.4 million by 2027, a 3 percent increase from
2016.
Typically, new student housing projects exceed
$100 million and feature styles and amenities that
resemble boutique hotels, complete with pools, cafes
and gyms as a way to attract students to campuses.
A recent survey by Student Housing Business
revealed that more than 175,000 beds are planned
for delivery between 2019 and the fall of 2022. The
list below features the top 10 most active developers
in the student housing industry, their headquarters
location, and the number of beds each has in
development over the next three years.
Top 10 Student Housing Developers
Rank
Developer
Headquarters
1.
Landmark Properties
Athens, Ga.
Beds in Development, 2019-2022
2.
CA Ventures
Chicago
15,906
3.
Aspen Heights Partners
Austin, Texas
15,428
4.
American Campus Communities
Austin, Texas
13,744
23,316
5.
Harrison Street Real Estate Capital
Chicago
13,190
6.
Core Spaces
Chicago
11,978
7.
RISE: A Real Estate Co.
Valdosta, Ga.
8,118
8.
Gilbane Development Co.
Providence, R.I.
7,825
9.
The Michaels Organization
Marlton, N.J.
7,678
10.
Sterling Student Housing
Houston
7,200
SOURCE: STUDENT HOUSING BUSINESS
$3.1b
Growth of P3s in Higher Education Over Time
$1.9b
$0.1b
Number of
transactions
$0.3b
ENGINEERING INC.
$0.6b
$1.0b
$1.2b
$1.0b
$0.6b
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
4
4
9
11
10
15
17
19
20
26
28
SOURCE: EY-PARTHENON
10
$0.5b
$0.8b
SEPTEMBER / OCTOBER 2019
Engineering Inc. - September/October 2019
Table of Contents for the Digital Edition of Engineering Inc. - September/October 2019
Engineering Inc. - September/October 2019
Contents
From Acec to You
Market Watch
Legislative Action
The Private Side
Powering Forward
Website Brilliance
Creating Compelling Proposals
Latest It Innovations
Restorative Spirits
The Infinity Loop
Mergers and Acquisitions
Members in the News
Business Insights
Engineering Inc. - September/October 2019 - Intro
Engineering Inc. - September/October 2019 - Engineering Inc. - September/October 2019
Engineering Inc. - September/October 2019 - Cover2
Engineering Inc. - September/October 2019 - Contents
Engineering Inc. - September/October 2019 - 2
Engineering Inc. - September/October 2019 - 3
Engineering Inc. - September/October 2019 - From Acec to You
Engineering Inc. - September/October 2019 - 5
Engineering Inc. - September/October 2019 - Market Watch
Engineering Inc. - September/October 2019 - 7
Engineering Inc. - September/October 2019 - Legislative Action
Engineering Inc. - September/October 2019 - 9
Engineering Inc. - September/October 2019 - The Private Side
Engineering Inc. - September/October 2019 - 11
Engineering Inc. - September/October 2019 - 12
Engineering Inc. - September/October 2019 - 13
Engineering Inc. - September/October 2019 - 14
Engineering Inc. - September/October 2019 - 15
Engineering Inc. - September/October 2019 - 16
Engineering Inc. - September/October 2019 - 17
Engineering Inc. - September/October 2019 - Powering Forward
Engineering Inc. - September/October 2019 - 19
Engineering Inc. - September/October 2019 - 20
Engineering Inc. - September/October 2019 - 21
Engineering Inc. - September/October 2019 - 22
Engineering Inc. - September/October 2019 - 23
Engineering Inc. - September/October 2019 - Website Brilliance
Engineering Inc. - September/October 2019 - 25
Engineering Inc. - September/October 2019 - 26
Engineering Inc. - September/October 2019 - 27
Engineering Inc. - September/October 2019 - Creating Compelling Proposals
Engineering Inc. - September/October 2019 - 29
Engineering Inc. - September/October 2019 - 30
Engineering Inc. - September/October 2019 - 31
Engineering Inc. - September/October 2019 - Latest It Innovations
Engineering Inc. - September/October 2019 - 33
Engineering Inc. - September/October 2019 - 34
Engineering Inc. - September/October 2019 - 35
Engineering Inc. - September/October 2019 - 36
Engineering Inc. - September/October 2019 - 37
Engineering Inc. - September/October 2019 - Restorative Spirits
Engineering Inc. - September/October 2019 - 39
Engineering Inc. - September/October 2019 - 40
Engineering Inc. - September/October 2019 - 41
Engineering Inc. - September/October 2019 - The Infinity Loop
Engineering Inc. - September/October 2019 - 43
Engineering Inc. - September/October 2019 - 44
Engineering Inc. - September/October 2019 - 45
Engineering Inc. - September/October 2019 - Mergers and Acquisitions
Engineering Inc. - September/October 2019 - 47
Engineering Inc. - September/October 2019 - Members in the News
Engineering Inc. - September/October 2019 - 49
Engineering Inc. - September/October 2019 - 50
Engineering Inc. - September/October 2019 - 51
Engineering Inc. - September/October 2019 - Business Insights
Engineering Inc. - September/October 2019 - Cover3
Engineering Inc. - September/October 2019 - Cover4
https://www.nxtbook.com/nxtbooks/acec/engineeringinc_spring2020
https://www.nxtbook.com/nxtbooks/acec/engineeringinc_winter2020
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1119
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0919
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0719
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0519
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0319
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0119
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1118
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0918
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0718
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0518
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0318
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0118
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1117
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0917
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0717
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0517
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0317
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0117
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1116
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0916
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0716
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0516
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0316
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0116
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1115
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0915
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0715
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0515
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0315
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0115
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1114
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0914
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0714
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0514
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0314
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0114
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1113
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0913
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0713
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0513
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0313
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0113
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1112
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0912
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0712
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0512
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0312
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0112
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1111
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0911
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0711
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0511
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0311
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0111
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1110
https://www.nxtbook.com/nxtbooks/acec/engineeringincSeptOct
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0910
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0710
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0510
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0310
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0110
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1109
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0909
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0709
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0309
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0109_v2
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0109
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1108
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0908
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0708
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0508
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0308
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0108
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1107
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0907
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0707
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0507
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0307
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0107
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0505
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0305
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1105
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0306
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0105
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1103
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0906
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0903
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0703
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0106
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0506
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0503
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0303
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0904
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1104
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0704
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0504
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0304
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0905
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0705
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0104
https://www.nxtbook.com/nxtbooks/acec/engineeringinc1106
https://www.nxtbook.com/nxtbooks/acec/engineeringinc0706
https://www.nxtbookmedia.com