#1 GSE Student Housing Lender, Walker & Dunlop Releases Annual Housing Report
May 13 2024 - 6:00AM
Business Wire
As the leader in student housing finance, Walker & Dunlop,
Inc. shares market trends and analysis of the current landscape in
its newly published housing report. Placing as both Fannie Mae and
Freddie Mac’s #1 Student Housing Lender in 2023, the team possesses
unparalleled expertise and a pulse on the industry, providing
valuable insights for developers and investors.
Fueled by a rise in university enrollment and changing student
preferences, the student housing landscape has evolved into a
sophisticated, amenity-rich environment, transcending its
origins.
"The student housing industry has undergone a remarkable
transformation in recent years. What was once a modest sector
characterized by localized operations has now blossomed into a
thriving marketplace, attracting national and international
investors seeking superior yields," said Will Baker, senior
managing director of Student Housing at Walker & Dunlop. "Gone
are the days of boring concrete dorm rooms and budget-conscious
off-campus apartments. Today, we witness a convergence of
demographic shifts and modern student preferences, propelling the
industry into new realms of growth and innovation."
Reasons to have eyes on the market changes:
- Student housing rent growth is outperforming conventional
multifamily assets in several prominent markets.
- Pre-leasing velocity continues to shift earlier as top markets
become more competitive amidst growing university enrollment.
- Premier off-campus student housing has emerged as a competitive
advantage for colleges in their new student recruiting
programs.
- Advancements in student-athletic contracts have helped put
smaller schools on the radar of national developers and
investors.
"Despite facing headwinds such as doubled interest rates and
broader macroeconomic challenges, W&D remains steadfast in our
commitment to clients and students. While we acknowledge the
current challenges, we see them as opportunities for resurgence,"
said Christopher Epp, managing director, Walker & Dunlop
Investment Sales. "Our experts forecast continued outperformance
relative to other asset classes, thanks to the robust fundamentals
that underpin the student housing sector."
With a total financing volume exceeding $12.7 billion and total
property sales volume surpassing $10 billion in student housing,
Walker & Dunlop is a trusted partner in the industry and leader
in shaping the future of student housing financing.
For insights on student housing and to explore key trends
shaping the market, download Walker & Dunlop’s 2024 Student
Housing Outlook report here.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is one of the largest commercial
real estate finance and advisory services firms in the United
States. Our ideas and capital create communities where people live,
work, shop, and play. The diversity of our people, breadth of our
brand and technological capabilities make us one of the most
insightful and client-focused firms in the commercial real estate
industry.
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version on businesswire.com: https://www.businesswire.com/news/home/20240513042145/en/
Investors: Kelsey Duffey Investor Relations
Phone 301.202.3207 investorrelations@walkeranddunlop.com
Media: Nina H. von Waldegg VP, Public Relations
Phone 301.564.3291 info@walkeranddunlop.com
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