In the News

Mike Sexton Quoted in Law360 Article on Growth of Student Housing Development Market

Says Developers are Partnering with Private Equity Investors in Major Deals

June 28, 2013

Michael F. Sexton, a Chicago-based member of Dykema’s Real Estate practice, is quoted in an article—“Demand For Higher-End Dorms Fuels Student Housing Boom”—that appeared in the June 27 edition of Real Estate Law360

In the article, Sexton comments on the growing need, particularly among the nation’s larger public universities, for new student housing, and observes that private developers have seized this opportunity.

“It’s a very active market,” Sexton notes, with a number of developers and investors “who see this as a product that’s in great demand.” He adds that this trend is not confined to a narrow geography. Instead, clients are “scouring the nation” looking for schools whose enrollment has recently—and in many instances, dramatically—increased, and whose housing availabilities aren’t keeping up with demand.

Sexton goes on to observe that while there’s activity in all segments of the student housing development industry, higher-end units (offering luxury features) seem to be the principal driver of market growth.