Transactional Advisory

Our Transactional Advisory services support investors in making informed decisions and maximizing value through comprehensive analysis and strategic optimization of student housing assets and portfolios.

Single-Asset or Portfolio Underwriting Single-Asset or Portfolio Optimization

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PRODUCT DESCRIPTION

What is Transactional Advisory?

Our Transactional Advisory services support investors at every stage of the investment lifecycle by combining in-depth analysis with strategic guidance. We offer detailed evaluations of market fundamentals, asset performance, and future projections through Single-Asset or Portfolio Underwriting to facilitate informed investment decisions.

Additionally, our Single-Asset or Portfolio Optimization focuses on enhancing the operational, financial, and strategic aspects of assets and portfolios, unlocking value, improving performance, and ensuring alignment with market standards. Whether assessing a new investment or optimizing an existing one, our expertise ensures maximum value and clarity in decision-making.

I am interested

TAILORED FOR ALL INVESTORS, ESPECIALLY CORE/CORE+ LPs

Single-asset or Portfolio Underwriting

We provide detailed underwriting support for student housing investments, combining macro and micro-level market analysis. This includes in-depth assessments of demand (student demographics and mobility), supply (bed counts, establishment types, and pipeline data), rental dynamics, and market provision rates. Our forecasting tools predict future trends in demand, supply, market saturation, and rent growth. We also benchmark single-asset or portfolio performance, evaluating OPEX/CAPEX structures, NOI margins, and financial outcomes against local and global standards, ensuring a robust foundation for investment decisions.

Market Fundamentals

Macro analysis at the city market level, covering all cities where a portfolio is deployed or where single assets and pipeline developments are located:

Demand analysis by market, including student demographics (international, domestic mobile, and domestic); supply data (establishments and beds); provision rates; rent levels (student housing and private rentals); pipeline developments; and investment data.

Student Housing Market Details

Micro analysis at the university and PBSA level:

Demand data by university/college, including student demographics (international, domestic mobile, and domestic); supply and rental data by residence (establishment types, bed counts, room types, fees, services, and amenities); and pipeline developments.

Forecasting Data

Future demand and supply predictions based on historical data and pipeline, market saturation and provision rates forecasts, rent level forecast, growth rates, supply projections, soft intelligence.

Benchmark of Product and Portfolio Performance

Verification of OPEX structure and financial performance of portfolio as high level analysis and comparison with the country level benchmark and according to market standards based on portfolio and client inputs, assessment of NOI margins and comparison to global competitors and standards.

TAILORED FOR ALL INVESTORS, ESPECIALLY THOSE SEEKING VALUE-ADD AND STRATEGIC GROWTH

Single-asset or Portfolio Optimization

A detailed review of asset operation data, combined with an in-person site visit, mystery shopping, and interviews with the property manager, to identify potential risks, operational efficiencies, and opportunities to unlock additional value for each asset.

Single-asset or Portfolio Analysis

Micro-level assessment of individual operational assets and pipeline assets, including detailed product reviews, competitive benchmarking, operational and risk analysis, platform due diligence, personnel evaluation at all organizational levels, management structure review, and comparison to market standards.

Product & Performance Evaluation

Comprehensive evaluation of asset location, product offerings, tenant demographics, rent strategies, and operational performance. Includes analysis of room sizes and types, communal areas, amenities, marketing materials, digital presence (website, search engine, and social media performance), customer journey, and competitor benchmarking. Covers tenant structure, occupancy trends, and customer service quality through mystery shopping, with insights on mobilization results and conversion rates.

Detailed Financial Analysis & Optimization

In-depth analysis of GRI, NOI, and OPEX, including utilities, cleaning, personnel expenses, maintenance, marketing, insurance, security, CAPEX, and management costs. Provides benchmarking and recommendations aligned with industry standards to enhance performance and unlock value. Includes risk analysis, adjustments, and a summary of key risk factors with comparisons to market standards and best practices.

Bonard's data and analysis provided essential insights that supported our due diligence process and facilitated our continued expansion in the Canadian PBSA sector to become the largest in the country.

Aly Damji

Managing Partner, Real Estate

Forum Asset Management

DELIVERY DESCRIPTION

What are you getting?

The advisory is tailored to specific business needs and can include, but is not limited to, the following:

Opportunity identification
or a complex assessment of an existing one
Access to BONARD’s market knowledge and connections
in the geography related to the particular transaction
Advisory delivered in the form of unlimited consultation sessions
and preparation of the materials necessary for the transaction
Assigned account manager
with a 24h response time

I am interested

Some of Our Clients:

Morgan Stanley

Harrison Street

Invesco

Hines

GSA

Nuveen Investments

Greystar

Patrizia

Barings

Kajima

EQT

Catella

Hannover Leasing

BainCapital

Forum Asset Management

The Social Hub

Milestone

Student Experience

CONTACT FORM

Find out how we can help your business grow

If you are interested in learning more about how our transactional advisory helped particular clients, please fill out the contact form to get in touch. 

Independent & unbiased views
for accurate and quicker decisions
Global coverage & consistent benchmarking
of markets, portfolios and properties

RELATED PRODUCTS

Do you need more
than transactional advisory?

Undertaking a transaction is a crucial step for any company. Being part of the larger business development strategy, M&A and capital raise require a high level of detail in regard to the market and opportunity under consideration. 

Hence, our clients are also choosing the following products: