Today we met with the developer of the prestigious Mockingbird Station. We wanted to get a feel for the student housing market, and pick his brain regarding contacts, and any advice he could give. It was encouraging to hear him say that student housing was definitely a great place to be in, along with senior housing. He said that in those two sectors the market was coming to developers as opposed to developers having to chase the markets. He gave us the name of the developer of the new TCU student housing on Barry St., which could be a great contact. He suggested that Waco's Baylor, Fort Worth, or University of Texas Denton would be good places to look for student housing opportunities. He gave us a brief run down of what it would take to launch a student housing development: 1. Obtain the land first. 2. Do a feasibility study and identify potential upside. 3. Get the drawings done. 4. Get financing 5. Construction!
Obviously, it would be ideal to have some sort of agreement in place with the university for the students.
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