Element 25 apartments1/21/2024 ![]() ![]() Funding cutbacks, higher interest rates, and local zoning laws make it difficult for in-demand colleges to get new housing off the ground. Schools could step up to provide more housing themselves, but that's much easier said than done. The start of the 2022 academic year brought "never-before-seen rent growth" for student housing, RealPage Market Analytics, a real-estate-software company, said. Moody's Analytics recently warned of an "affordability crisis" for college students, noting that since 2019, rents for student housing in a sample of notable college towns had grown faster than those of regular apartments. A study by the National Multifamily Housing Council found that rent for student housing jumped 25% between 20 when adjusting for inflation, which outpaced tuition hikes. But for students, the picture is more fraught. And a greater number of universities are simply banking on off-campus developers to absorb the spillover from overstuffed dorms.įor schools - and investors eager to cash in on steady profits from student housing - this is a win-win. Faced with pressure to grow their enrollments, and reluctant to take on debt for housing upgrades, more colleges and universities in the past decade have been striking deals known as public-private partnerships, in which they outsource the management of their residences to a third party. The eye-popping numbers are part of a longer-term shift toward private college housing. The megadeal added nearly 112,000 beds to Blackstone's portfolio and helped drive a huge year for student-housing acquisitions - investors spent $22.9 billion in the space, more than double the sum in 2021, according to the commercial-real-estate firm CBRE. Last year, the private-equity behemoth Blackstone paid $12.8 billion to acquire American Campus Communities, the largest developer and manager of student housing in the US. ![]() In the decade-plus since the global financial crisis, the student-housing market has transformed from a patchwork of on-campus dorms, small apartments, and shared houses into a huge industry that's coveted by some of Wall Street's biggest investors. The building isn't the only development turning college life into a luxury experience. To enjoy all this, a student just has to find five other friends willing to pony up a total of $8,100 a month for a six-bed, six-bathroom apartment, or come up with as much as $1,900 if they want their own studio. Waterloo, a 30-story tower just a few blocks west of the University of Texas at Austin, has everything the modern college student needs: Its top floor features an infinity-edge pool, a pair of saunas, and a yoga studio, while the lobby includes an in-house coffee bar and ample nooks and tables for socializing or studying. The property's location provides easy access to I-435, which connects to all major highways including US-69 and I-35.Account icon An icon in the shape of a person's head and shoulders. Element 25 is also situated in the desirable Blue Valley School District. Luke's Hospital, Children's Mercy Hospital, Menorah Medical Center and Corporate Woods. We are also close to major employers including the Sprint Campus, Black & Veatch, St. Our units contain an impressive selection of modern features, including Bluetooth shower heads, Nest thermostats, keyless fob entry, washer/dryers, stainless steel appliances, quartz countertops, tile backsplashes, smart lighting, spacious patios/balconies, 9- and 10-foot ceilings, walk-in showers and more! Residents have convenient, easy access to shopping, dining and entertainment at Town Center Plaza, Corbin Park, Prairie Fire and Park Place. We offer studio, 1-bedroom, 2-bedroom and 3-bedroom luxury apartments for rent in a modern mid-rise building with elevators. Element 25 is a brand new, pet-friendly apartment community in Overland Park, Kansas near Kansas City. ![]()
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