QUESTION OF THE MONTH I have two pre-dictions. Firstly, industry aver-age rent growth and occupancy for the 2024-2025 school year will remain Sitt generally in line with the record levels we saw for the current school year. Secondly, transac-tion volume for the second half of 2024 will be massive. With rates coming down and per-formance strong, institutional investors will be buying in a big way once again. This will in turn lead to signifi cantly lower cap rates in 2025. —Isaac Sitt, Co-Founder and Co-Chairman, Vesper Holdings Want to contribute to next issue’s Question of the Month? Email Managing Editor Katie Sloan at shb@francemediainc.com 2024 is when the very strong fun-damentals for student hous-ing, coupled with increas-ing availability of capital, will Bronstein lead to a very busy, produc-tive and profi table year. My New Year’s resolution is 24 per-cent NOI growth in 2024! That probably won’t happen, but it will be the third consecutive year of record revenue and in-come growth for the student housing industry”. —Robert Bronstein, President, The Scion Group Success Starts With the Right Partnership Michaels Student Living is proud to partner with colleges and universities across the country. Our recent partnership with LSU Health New Orleans welcomed the university’s first newly built student accommodation in New Orleans in over half a century. The Residences at LSU Health o ers 579 beds across 473 apartments, complete with a resort-style pool, 24-hour fitness center, pet spa, and more. To learn more visit us at: www. TMO .com It’s That Time of Year! Entries are being accepted for the SHB Innovator Awards! The deadline to submit an entry is February 15, 2024 . For more information: studenthousingbusiness. com/innovator-awards StudentHousingBusiness.com November/December 2023 33
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