Michael Schwartz Schwartz: “Class-A student housing is a highly sought-after investment product by both institutional and cross-border investors that accounted for 60% of all investment activity in 2016.”

LADERA RANCH, CA—Similar to the self-storage category the firm has focused on most, class-A student housing is a necessity-driven asset class that offers the opportunity for asymmetric returns due to its recession-resistant characteristics, strong demographic growth rates and more, SmartStop Asset Management LLC’s founder, chairman and CEO H. Michael Schwartz tells GlobeSt.com. As part of the firm’s new focus on student housing, Strategic Student & Senior Housing Trust Inc., a private REIT sponsored by SmartStop, recently acquired the District, a 198-unit, 592-bed student housing property adjacent to the University of Arkansas in Fayetteville, AR, for $57 million.