CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announces that it has completed over $1.1 billion in student housing transactions, and is one of the most active advisors to the student housing industry. “It’s been very exciting to be involved with this industry as it’s institutionalized over the last 5 years,” said Greg Longoria of FIDES. (Click here for overview) “The first generation of developers, investors and lenders largely got it wrong. This most recent generation has treated it like a service business versus just a housing business. The challenge going forward is to adapt to what is happening in the market. There’s a higher level of competition, more sophisticated investors and lenders, development costs are increasing and there’s a growing awareness around the overall cost of collegiate education. ” FIDES has completed over $640 and $500 million of equity and debt advisory transactions, respectively. This activity involves 9,800 beds across 17 of the largest and most prestigious universities in the nation.