There's significant news from the PBSA arena in the U.K. as GSA has announced a new Global Head of Finance, Simon Bray. According to the statement from...
Month: December 2023
P3s should be creative collisions: Greystar’s Everett says real estate should catalyze social outcomes and build community in SHURE remarks
Greystar is a global, fully integrated real estate development company. Greystar develops, owns, operates, and invests in both its accounts and others' accounts. Greystar's products are diversified. We're historically known for housing, which is the bulk of our...
Harrison Street Announces PBSA Expansion for Simon Fraser University and University of Victoria
Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately US$56 billion in assets under management, announced its continued expansion in Canada through two student housing transactions in British...
Active Canadian investors attempt to digest current market conditions in SHURE GTA huddle
A group of active Canadian investors convened by The SHURE Initiative appeared baffled by today's unusual real estate climate, noting they are attempting to 'digest' current conditions. While the investors convened on stage following lunch on the second day of SHURE...
University of Waterloo: Student advocacy saves evening transit service
Good news today from the University of Waterloo in Canada: Waterloo students have successfully mobilized to save a 15-minute evening service on the Ion light rail. The source and full story is University of Waterloo News >
Canadian investor Toby Chu thinks real estate capital markets are thawing but warns of minefields on the path to more activity
Toby Chu is the Chairman and CEO of CIBT Education Group Inc., one of the largest owners and operators of PBSA in British Columbia, with 1,400 beds across eight operating buildings, serving students from 92 colleges and universities. CIBT owns 31 colleges in Canada....
Dan Smith urges PBSA execs in the U.K. and internationally to make changes in response to evolving demographics and the lack of affordable housing: “We have to do it now”
Dan Smith has a jolting message for the PBSA industry, especially in the U.K. By 2026, the U.K. will have a shortfall of 500,000 beds, while the current rate of building is delivering only 10,000-15,000 beds per year. "So we are making a dent on that sort of...
BMO Chief Economist expresses limited optimism for 2024: “The Canadian economy is basically stalled”
Sal Guatieri struck a more optimistic tone at this year's SHURE GTA event on November 16, compared to comments at the same event in late 2022. Guatieri, who has been working at BMO for three decades, thinks there are positive signs for real estate, yet a more normal...
Doctor of Student Housing: Pay attention to the ‘trends within the trends’ for 2024
The year is ending with significant macro uncertainty driven by wars in Eastern Europe, the Middle East and concerns over political instability in the U.S. However, positive signs like easing inflation will likely impact real estate activity. Lower inflation would...