All Forum Posts by: Kevin Kroll

The risk is a downturn in the area or something like that, but with the university kind of serves as an inherent floor on the market. It's a lot less likely that the university will shut down than it is for a say a company that is the primary earnings base in a smaller town to relocate / downsize.

It sounds like you are experiencing good returns, managing your "brand" and having good experiences with student turnover.

One thing to consider might be exit strategy. If the university is booming and land locked such that they are looking at buying adjacent property and knocking down buildings for their own expansion you might want to think about limiting improvements, being satisfied with slightly lower rents, but then looking to sell out blocks of property to the university. It would be worth fostering a relationship with the university so that they know they could close one big purchase with you, rather than numerous purchases with others for the same quantity of land.

I've had good experiences with Natalie Poteete