America‘s Commercial Real Estate Show Student Housing Sector Today with Brent Little
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Apr 22, 2025 Brent Little, President and CEO of Fountain Residential, talks about the evolving student housing market. He discusses rising rental rates and declining new project starts amid changing demographics. The conversation highlights mega investments in student housing and the associated financing challenges. Brent also covers the logistics of accommodating large student populations and explores the potential of turning offices into student housing, revealing exciting opportunities in the sector.
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Brent Little's Student Housing Journey
- Brent Little shared his 25 years' experience in student housing and leading Fountain Residential since 2010.
- He has developed over 50 off-campus projects worth $3 billion across the U.S., including recent and upcoming developments.
Supply Constraints Limit Student Housing
- New student housing starts have dropped about 30% due to increased costs and tougher zoning near campuses.
- Demand outpaces supply as quality sites near tier-one universities remain scarce.
Student Housing Rental Growth & Demand
- Average rent per student bedroom exceeds $1,000 monthly, including older buildings, and rents are up over 4% year-over-year.
- Fall 2023 pre-leasing at 68% with expectations to reach 95% occupancy, indicating strong demand.