Managing Partner at Alignvest Student Housing | Managing Partner at Alignvest Management Corporation
A nice read on investment opportunities in Canadian real estate by Braiden Goodchild and Fred Cassano of PwC Canada. On student housing, they state… “A niche asset class of particular interest is student housing, which is another example of the infrastructure-meets-real-estate trend. Unlike the U.S. or the UK, Canada’s highly fragmented student housing market offers opportunities for consolidation, as well as many characteristics, like an absence of rent control, that attract real estate investors. Supply is low, occupancy is high, there is captive demand, and margins can be very attractive if the owner maintains a good capital investment program (since student housing typically suffers more wear-and-tear than an apartment building). Add in demographic tailwinds, and there may be substantial opportunities for private capital providers to partner with government and post-secondary institutions on student housing. Also helpful is recent move by the federal government to extend its Apartment Construction Loan Program to include student residences.” #studenthousing #canadianrealestate
Pleased to have co-authored this article alongside Fred Cassano that highlights investing opportunities for Family Office given the broader climate. Muted institutional investment has left a gap and a unique opportunity to capitalize on what could be an exceptional vintage (and likely to sustain for next 6-12+ months) #ETRE2024 #pwc
Braiden and Fred do know what they are talking about!