History is the version of past events that people have decided to agree upon.
~Napoleon Bonaparte
Apr. 16, 2014 5:23 AM ET | Includes: ACC, APOL, CCG, EDR, GHC
Summary
- Student housing REITs performed poorly in 2013.
- These REITs provide above average dividends and are now trading at more compelling prices than they have in several quarters.
- American Campus recently provided leasing data indicating decent application and occupancy rates, as well as a 2.1% rent increase, which should bode will for ACC and the industry generally.
College students generally have three options when it comes to where they will live. They can stay at home, in dormitories and other campus housing options, or in options that are near their college campus. Student housing REITs generally own and operate residences that are on or close to schools. Most of these REITs performed terribly in 2013 for various reasons, several of which I will discuss, but the industry does appear poised for a turn-around, which should make any weakness both a short and long-term opportunity.
There are not many publicly traded student-housing REIT options, but examples include American Campus Communities (ACC), Education Realty Trust (EDR) and Campus Crest Communities (CCG). These companies all performed poorly in 2013. Over the last year, CCG has declined around 40%, and while its two larger peers did better than that, ACC declined by around 17% and EDR declined by around 11%. See a 1-year performance chart (Source: Google):
A little about me and my expertise – video
commercial / investment real estate / Arizona land specialist
https://www.youtube.com/watch?v=PPs3kpKR4nY
I go to great heights to sell or purchase your land
http://walter-unger.com/?p=10118
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
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Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME
We barely could give land away the last few years, but times are changing. Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554
PLEASE NOTE, I CHANGED BROKERAGES BUT CELL PHONE AND E-MAIL STAY THE SAME.
Thank You
Walter
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Cell: 520-975-5207
Office : 480-948-5554
Fax: (480-658-1172
View my listings and my profile at:
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a little about me and my expertise – video
commercial-investment real estate adviser-land specialist
https://www.youtube.com/watch?v=PPs3kpKR4nY
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