Student Accommodation – What’s all the hype about?

Student Accommodation is a buzzword in the property world…

Mention student accommodation to any serious property investor and their ears will prick up. Over the past five years or so, the demand for this property class has been exceptionally high due to the fact that student accommodation located within close proximity to major universities offers investors a solid investment with a reliable return.

Student accommodation may be leased out to a university typically over 10 months of the year or directly with the students themselves. Each approach has its pros and cons, however, in both instances, it is necessary to be a certified supplier of student accommodation with minimum standards being met.

Due to a shortage of quality student accommodation in many regions across South Africa, demand for space often outstrips supply resulting in very low vacancies in suitable buildings.

One of the major benefits of operating a student accommodation facility is that the potential rental one can achieve per room is often much higher than for the equivalent room in a normal residential building. Rental is charged per student and an average student accommodation room can fit up to four students in a room.

It is no wonder why listed property funds and private investors alike are clamouring to acquire quality student accommodation in major city centres.

Source Ari Ben (CEO AuctionInc.)

www.auctioninc.co.za

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Student Accommodation – What’s all the hype about?
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Student Accommodation – What’s all the hype about?
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Student accommodation is a buzzword in the property world. Mention student accommodation to any property investor and their ears will prick up.
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GotProperty
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Ari Ben

B.Com Finance, Honours Degree Real Estate Portfolio Management CEO of AuctionInc After obtaining his B.Com finance at Wits, Ari went on to acquire an Honours Degree in Real Estate Portfolio Management, it was with this in hand that he approached and joined the Aucor team and was assigned to the Commercial Property Division. His results were excellent and led to him proposing to the board the establishment of a new entity, specialising in deals involving the acquisition and disposal of top-end Commercial and Industrial Real Estate. It was to be a joint venture with Aucor named Skyrise Properties. Here again, his idea blossomed. Following a change of ownership in the Aucor Group, Ari was offered and accepted an opportunity to join AuctionInc. This time he was to be instrumental in assisting in the establishment of AuctionInc, while at the same time broadening his knowledge by including auction in his arsenal of expertise. He later went on to work at Eris Property Group in the capacity of Business Development Manager charged with growing the funds management portfolio. Whilst at Eris, Ari drove the formation of an incorporated entity called EM (Eris Masingita) which brought together two titans of the property industry. Within a short space of time, Ari was promoted to National Head of Investment Sales and Leasing. At the time Ari was the youngest member of Eris Exco and successfully concluded noteworthy of commercial property transactions on behalf of MMI, SAB and FNB. In 2018, Ari returned to AuctionInc in the capacity of CEO, where he is currently charged with driving the company to new heights.

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