Student Center Associates (SCA) specializes in the development and management of student housing owned by campus ministry centers, churches and other non-profits. Its success is propelled by several emerging trends. First, campus ministries, and their supporting congregations and denominations, often have land located adjacent to state university campuses around the country. Over the last years, these parcels have skyrocketed in value. This has created an opportunity to invigorate the mission of these organizations.
At the same time, student housing reached a crisis point as it has become one of two housing sectors (affordable being the other) in the nation to show no growth in inventory, but wide increases in market need according to the National Multi Housing Council report last year. One significant reason: lack of developable land within close proximity to college campuses. Suddenly, churches, campus ministries, and other non-profits across the country are sitting on a goldmine.
In short, SCA is proficient in structuring student housing projects on the real estate assets owned by faith-based, non-profit owners, creating a sustainable source of revenue to support mission.