SAN ANTONIO: Why Everyone Should Watch Student Housing
If you're getting calls from more traditional multifamily developers this week, thank Casey Development managing director Chris Harness (a self-proclaimed adrenaline junkie). He told attendees at Bisnow's San Antonio Multifamily Summit that everyone should pay attention to student housing. Those residents are future multifamily renters (assuming they're not future couch surfers), and they'll expect similar product when they graduate. Chris says UT-San Antonio is doing very well—occupancy is over 95%, and the 2,000 beds delivering this fall should absorb with no problems. Building new product for the university will be a major challenge; being walking distance to campus is very important, but it's nearly impossible to find such a site serving UTSA.
