Student Housing Portfolio

Student housing platform owning over 270 beds across 7 standalone student housing assets.

Portfolio assets are well located in prime locations within Isla Vista, the walkable, coastal student housing enclave adjacent to the University of California, Santa Barbara. Given stringent coastal development restrictions and a disaggregated local ownership base, Center Capital executed a capital intensive business plan of reintroducing newly renovated, branded, and fully furnished student housing options into the market. Since that time, Center Capital has executed multiple bolt-on acquisitions, leveraging the same value-add business plan to fully renovate and furnish all units, and is a top 5 owner in the market. 

Just as Center Capital has executed at Isla Vista (UCSB), the go-forward growth of Center Capital’s student housing portfolio is focused on high quality student housing properties located in walkable and central locations at major universities across the South and Sun Belt. Target markets boast strong idiosyncratic supply and demand fundamentals through strong enrollment growth and other demand drivers such as marquee sports programs or unique or coastal locations, all paired with a zero or limited new supply dynamic.

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