Commercial Real Estate Finance

Posts Tagged ‘Student Housing’

Check us out in the following recent publications:

- The Small Business section of today’s Wall Street Journal in an article about Pop-Up Shops.

- GlobeSt.com’s monthly Philly 411 article which highlights a well known Philadelphia development, and the various risks associated with different members of the capital stack in the deal.

- The Philadelphia Inquirer ran a story about Temple University’s student housing projects, which features a deal done by Llenrock.

Most real estate professionals operate in a particular asset class because it is the one they know best.  Whether they happen to have been exposed to it first, or cut their teeth on it through experience, it seems to hold true.  But lets be objective here for a moment.  After having suffered what seems to be the worst of the economic downturn, and its subsequent impact on all types of commercial real estate, we sit in a very unique spot in terms of being able to assess which asset class is the most recession proof.  Let’s take a look at a few of the top candidates: Read the rest of this entry »

In a recent article in the Wall Street Journal it is suggested that while malls and office parks have suffered from the real estate swoon that has been talked to death at this point, there is a sector of commercial real estate that really has not been hit all that hard.  And it isn’t some niche asset class like medical office buildings or student housing, but rather a class of commercial assets defined by their lease structure, rather that the type of tenant they house. Read the rest of this entry »

For the Week of February 20-26

- Should Fannie and Freddie be converted to non-profit, US-owned entities?

- Simon Property Group and General Growth Properties (two of yesterday’s post’s top earners) head to bankruptcy court in the $10 bil buyout deal.

- Can real estate investors bank on Hollywood’s staying power?

- John Klopp of Morgan Stanley sees debt investing as a significant opportunity going forward for investment banks.

- Does a 75% increase in sales volume in December over the prior month signal a true bottom in the market? Read the rest of this entry »

Arlin S. Green is a partner at Argosy Real Estate, a leading source of equity capital for developers and operators. Arlin Green joined Argosy Real Estate in 2004. Previously he created and managed a substantial Real Estate and Venture Capital portfolio for the holding company of Firstrust Bank, a $2 billion commercial bank based in Philadelphia, Pennsylvania, for seven years. For the fourteen years prior, he was involved in Firstrust’s real estate lending among many other responsibilities, eventually rising to the position of Chief Operating Officer

Q: As a company, tell me about the niche you have carved out for yourself and how you feel you are different from the competition. Why do you find this product type more appealing than alternative real estate asset classes? Read the rest of this entry »

With over $1 billion in assets under management and more than 21,000 beds in 17 states, Campus Apartments has become one of the nation’s largest developers, owners, and managers of student housing.

As President and CEO of Campus Apartments, David Adelman is a driving force in college and university real estate development throughout the United States. His business savvy and long-term vision have led the company to become one of the country’s leading providers of university housing. Through strategic acquisitions, creative development, rehabilitation projects and the consolidation of owner-operators in various locales, Adelman has increased the company’s revenue by 300 percent over the last five years.

Adelman’s strength lies in his ability to structure deals and establish formidable relationships with financial institutions, as evidenced by Campus Apartments’ recent $1.1 billion venture with GIC Real Estate Pte Ltd, the real estate investment arm of the Government of Singapore Investment Corporation.

In addition to his duties as President and CEO of Campus Apartments, Adelman is the vice chair of University City District Board of Directors, the President of the Apartment Association of Greater Philadelphia, board member of Hyperion Bank and the National Multi Family Council (NMHC), member of the Executive Committee of the Urban Land Institute’s Philadelphia Chapter, and a member of the Young President’s Organization. Additionally, Adelman is vice chairman of FS Investment Corp., a publicly registered business development corporation.
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