redIQ Introduces Support for Student Housing Deals
redIQ Introduces Support for Student Housing Deals
redIQ’s latest release introduces support for student housing deals! This update enables CRE investors, brokers, and lenders to quickly upload financials associated with student housing properties, conduct thorough analysis, and make the decisions that works best for them or their clients.
When working with student housing assets, dataIQ now allows users to automatically capture and standardize deal data, generate report-ready visuals, and more. This functionality provides the same accuracy and efficiency that dataIQ has long delivered for multifamily and single-family rental assets.
Many of redIQ’s clients focus partially or exclusively on student housing, and our product team has received numerous requests to introduce formal support for this asset class. This release allows our clients to process and analyze multiple leases associated with a single unit and accommodates varying lease start and end dates, as well as different rental rates. It further addresses the unique needs of anyone working with student housing by allowing analysis on a “per bed” rather than “per unit” basis.
Student housing has been in the spotlight over the last several years, with strong demand and room for rent increases. However, there are some headwinds. The cost of land in college towns has increased, as has competition between owners and developers—making it even more important to find the best acquisition targets. That’s where redIQ can help.
redIQ Now Supports Student Housing Deals
If you’re a redIQ client and would like to learn more about this release, click here or contact your Customer Success Manager. If you’re not a redIQ user, sign up for a demo today to see how redIQ can help you analyze student housing deals.
Request A Demo
Transform the analysis and underwriting of your multifamily properties.
About redIQ
For over ten years, redIQ has provided a comprehensive and dependable underwriting service for multifamily acquisition teams, brokers, and lenders focused on mid and large-size assets. redIQ’s solutions lead the industry and support the full underwriting process, from standardizing financial documents to producing a final valuation. With our system, analysis takes less time and decision makers can move forward with greater confidence. redIQ users can close more deals, produce better returns, and spend less time worrying about downside.
