Shaping the Student Experience
At Portman, we recognize Purpose-Built Student Housing (PBSH) as a sector primed for long-term growth and resilience. With rising enrollment at Tier 1 universities, the demand for high-quality, amenity-rich housing continues to outpace supply, especially in core markets. PBSH delivers more than just housing, it creates environments that support academic success, personal wellness, and a connected student lifestyle.
With strong historical performance, high occupancies, and recession resistance, the PBSH sector remains fragmented, offering a strategic opportunity for experienced developers to drive value. At Portman, we leverage our expertise to deliver exceptional student communities that benefit both students and investors.
Investment Strategy & Development Thesis
- 20%+ Project-Level IRR
- 125–150 bps above market cap rate
- 65% or less of total project costs
- 4–5 years
- Design & Entitlements: 1–2 years
- Construction: 2 years
- Stabilization: 1 year post move-in
Rodney King, Senior Vice President, Student Housing
“With over 17 years of experience in real estate, I’m excited to lead Portman’s student housing expansion. I’ve managed the development and acquisition of projects valued at over $3.2 billion, including Campus Village at the University of South Carolina, oLive at Auburn University, and The Hub at Georgia Tech. My focus has always been on creating high-quality, community-driven spaces that meet the evolving needs of students, and I look forward to bringing this expertise to Portman as we grow in the student housing sector.”
