A Rush to Meet Rising Demand, and Expectations, for Student Housing

Last year, the company delivered seven new properties, both on campus and off, at seven universities. These included Mr. Bayless’s alma mater, West Virginia University. The projects added a total of 3,200 beds (which is how the industry measures supply and how leasing is done) in fully furnished apartments. By the end of the decade, it expects to complete 15 more ground-up projects with around 11,300 beds, according to Mr. Bayless.

But the bulk of construction for American Campus Communities is happening this year, with 7,500 beds being added. “It’s a very big year for us,” Mr. Bayless said. “We have 10 new developments — $603 million in development. It is the most we’ve ever had in one year.”

One addition to its expanding portfolio is U Centre on College, about a half-mile from Clemson University’s campus in…

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