A report from the Buffalo News in New York. "The Monarch 716 student-housing complex that was seized by the lender in a foreclosure last year will be going on the block next month to satisfy the $44 million debt that remains on the property. It opened in September 2017 but quickly became a source of multiple problems, including crime and maintenance. More significantly, DHD failed to pay all of its construction bills, leading to multiple liens and lawsuits filed against it."

"Ultimately, Acres Capital – an administrative agent for Reliance Standard Life Insurance Co., Philadelphia Indemnity Insurance Co. and Safety National Casualty Corp., which together loaned DHD $36.4 million – filed for foreclosure on the debt, which has ballooned with interest and fees. DHD principals Thomas Masaschi and Jason Teller sought more time to get alternative financing, but the judge rejected the effort in November and ordered the foreclosure."

The Springfield News-Leader in Missouri. "Kasondra Moore had a lot to say about the failings of the property on East Garfield Street she rented from Chris Gatley. 'This house is going to get condemned,' she said."

"And after hearing about 417 Rentals' failed bankruptcy filing, Moore said she wasn't surprised when she got a notice in the mail saying the house had been foreclosed and would be auctioned off later this month. The home Moore rents is one of about 500 units owned by Gatley and one of more than two dozen of his properties that have gone into foreclosure since a federal judge denied his petition for bankruptcy in January."

"City officials and local nonprofits are talking about what to do in the coming months as banks begin to auction off dozens of Gatley's units to settle some of his $19 million in debt."

From News Channel 5 on Tennessee. "A new Apartment Guide list out this week shows that Nashville has the fourth-largest average drop in apartment rents in the country: a drop of more than 8 percent among two bedroom apartments last year compared to 2017."

"Barbara Schwartz with the Apartment Selector in Donelson says with the addition of new apartment complexes across Nashville, average rent has gone down slightly, But she says like with all things real-estate and housing, the cycle continues, and rents won't stay down for long. 'I think they'll continue to go down a little bit, and after that they'll go back up,' Schwartz said."

From Real Estate Business Online. "The student housing sector continues to benefit from strong investor and consumer demand. Total annual deliveries nationally have averaged approximately 47,000 beds this cycle, according to RealPage."

"REBusinessOnline sat down with Joe Stepchuk, managing director of student housing lending for Greystone, to gain his insight on the state of the market. Stepchuk joined Greystone in 2016 from Fannie Mae, where he served as director for 10 years and oversaw $3 billion in annual multifamily loan production."

"REBO: Is there a market you won’t enter? Stepchuk: No, yet one needs to be alert to sponsors’ experience and market supply. If oversupply exists, you need to be careful on leverage and location."

"REBO: By all accounts there’s currently a lot of capital flowing into student housing. What risks does this pose? Stepchuk: New investors coming in may not truly understand the nuances of the sector."

"REBO: A lot of property sectors have had periods where they’re robust and then fall off. It seems like student housing has been on a steady, healthy run for quite some time. Is it fair to say that this real estate asset class hasn’t had the peaks and valleys that we’ve seen in some of the more traditional property sectors, or is that a misread?"

"Stepchuk: That’s an excellent read on your part. A lot of the investors and owners in this sector are quick to recognize that and share that with the investing community. They say this product is recession-proof, performs well and here’s why: demographics and the importance of college."