SEATTLE, WA – Attending an elite university certainly has its benefits, but it’s not without financial challenges, as 80 percent of the top 35 national universities named today on U.S News & World Report’s Best Colleges of 2017 are located in pricey rental markets, according to a new Zillow analysis.

Students who are submitting college applications now for acceptance into the 2017-18 school year will likely live off-campus for at least part of their four-year college career. Zillow identified off-campus housing costs students can expect to pay, above and beyond the school tuition, in the cities that are home to the highest ranked colleges.

“As students and their parents are filling out applications this fall and are crunching the numbers on financial aid and student loans, they should also factor in cost of housing,” said Jeremy Wacksman, Zillow chief marketing officer. “Looking at both on-and off-campus housing prices, and thinking through whether they’ll likely live with roommates or alone will help them gauge an accurate picture of the student loans and financial aid they will need in order to obtain their degree.”

Students attending top-ranked national universities Stanford, Princeton and University of California, Berkeley will pay the most in off-campus housing. University of Notre Dame, Carnegie Mellon University and Washington University in St. Louis, MO are among the highest ranked schools with the lowest off-campus housing costs.

In more than three-quarters of the top 35 national universities for 2017, including all schools located in Chicago, Boston, Los Angeles, San Francisco, New York and Washington D.C., the median rent is higher than the nation as a whole.

Stanford students can expect to pay nearly five times the median national rent for a rental in Palo Alto, without a university subsidy for their off-campus rent. At the other extreme, University of Notre Dame students can expect more affordable housing, as the median rent in South Bend is $748, close to half of the national median rent.

Most Expensive Off-Campus Housing for 2017 Highest Ranked National Universities:

1. Stanford University, Stanford/Palo Alto CA
2. Princeton University, Princeton NJ
3. University of California – Berkeley, Berkeley CA
4. California Institute of Technology, Pasadena CA
5. University of Southern California & University of California – Los Angeles, Los Angeles CA

Least Expensive Off-Campus Housing for 2017 Highest Ranked National Universities:

1. University of Notre Dame, Notre Dame/South Bend IN
2. Washington University – St Louis, St. Louis MO
3. University of Rochester, Rochester NY
4. Wake Forest University, Winston-Salem NC
5. Carnegie Mellon University, Pittsburgh PA

In addition to current costs, students should consider how rents may rise during the years they attend the university, or even beyond, should they enter the workforce near their alma mater. Rents are appreciating rapidly in many of the major markets across the U.S., especially on the West Coast. Student renters in the Bay Area or the greater Los Angeles region can expect to see the highest annual rental appreciation, which is anticipated to grow by more than 6 percent over the coming year.

“Whether you’re an in-state or out-of-state student, college is expensive,” said Anita Narayan, managing editor of Education at U.S. News. “Best Colleges provides a wealth of data and information for prospective students to identify schools that suit their specific needs. Factors like location and cost are especially vital to consider.”

Powered by WPeMatico

MEMPHIS, TN – EdR, one of the nation’s largest developers, owners and managers of high quality collegiate housing communities, announced the closing of the previously announced acquisitions of two communities at Colorado State University and one at the University of Arizona.

These acquisitions add a total of 505 beds at strong, growing universities to the EdR portfolio.

Pura Vida and Carriage House, with a total of 194 beds, are new communities adjacent to campus, where EdR has the opportunity to develop additional beds. The amenities at each community include 24-hour computer lab, indoor bike storage, full-sized washer and dryer in the units and safety features that include cameras and electronic locks. With their more intimate size, Pura Vida and Carriage House cater to juniors and seniors who are seeking more privacy.

Nestled in the Colorado Front Range, Fort Collins, Colo., was named as one of the Top 10 college towns in America. CSU’s 2015 enrollment was 32,236 and has been rising steadily over the past four years. The 2015 freshman enrollment was a record for the school and was nine percent larger than 2014. It offers bachelor’s degrees in 65 majors and post-graduate programs in more than 90 fields. Colorado State was recognized by Forbes Magazine on its “America’s Most Entrepreneurial Universities” lists in 2014.

The Urbane, a 311-bed community, which opened last month, will be one of the most highly amenitized communities in the EdR portfolio. Amenities include large rooftop deck with pool, cabanas and an oversized hot tub; indoor and outdoor lounges, study areas and bed-bath parity with tiered amenity options in floor plans ranging from studios to five bedrooms.

The University of Arizona has an enrollment of more than 40,000 students, which has been growing steadily over the course of the last decade, on the Tucson, Ariz., campus. It is classified as a Carnegie Foundation very high research activity university. Arizona is a leader in space exploration research with its Lunar and Planetary Laboratory contributing to numerous NASA missions.

Powered by WPeMatico

MADISON, AL – Cobalt Seniors and Shepherd Health announce Shepherd Living at The Range, an upscale 124-resident community offering spa-like living on roughly 14 lush acres in Madison, a growing suburb of Huntsville, Alabama.

The joint venture has bought the property from NitNeil Partners and is developing the community with architectural firm Erdman, Redstone Federal Credit Union and contractor DeAngelis Diamond. 

The project will make approximately 200 jobs throughout the construction period and, once completed, approximately 65+ additional jobs for permanent operations.  Shepherd will be hiring health and wellness experts, caregivers, and administrative and business staff, as well as workers in the food service industries and grounds maintenance.  The community will be managed by Shepherd Senior Living.

Shepherd Living is a way of life and residents of Madison, AL will soon experience all that means.  As clarified by Joseph Jasmon, CEO of Shepherd Senior Living, “We’ve never understood the industry’s insistence to build gorgeous environments, and then fail to truly operationalize them – full of forced group activities that very few people really delight in.  We don’t deteriorate as we age, if anything, our intellect, sense of humor, and desire to engage with family and our communities are only enhanced.  Shepherd Living honors that – making spaces that are, quite simply, joyful, care-free versions of life as it has always been.”

Residents will delight in a host of amenities, including gourmet farm-to-table food, fine wine storage, a full-service salon, a greenhouse and numerous gardening opportunities, private kitchens, animal therapy, extensive walking trails and landscaping throughout the large grounds, and a tavern to delight in Alabama football.  The wellness lifestyle at Shepherd Living at The Range also includes daily classes ranging from meditation and gentle yoga to aerobics and circuit training. 

Luckily, for seniors in Madison, these amenities aren’t just for community residents.  Shepherd Living at The Range welcomes the broader 65+ community to its world-class spa and wellness center, featuring both traditional and Ayurvedic massage and a thermal experience replete with Laconium room, thermal pool and heated loungers, and a traditional Finnish sauna.  The fully-outfitted gym includes an exterior plunge pool.  Group classes and private instruction are available 7-days a week.

Similarly, Shepherd Living at The Range will extend to both its residents and the broader Madison senior community exceptional medical services in the form of on-site physical therapy and other rehabilitation services.

“Our communities are state of the art, harmonizing technology and wellness in a way never seen before,” says Christine Menedis, co-Founder and CEO of Shepherd Health.  “The best tech is seamless – it should anticipate your desires and enhance your experiences.  For our residents and their families, that translates into entertainment, HIPAA-compliant health record access, and, most importantly, visibility and peace of mind for families, who can see exactly how Mom or Dad is doing any given day.”

Founders of both Cobalt and Shepherd have been instrumental in pushing and transforming the broader healthcare and development industries.  As stated by Erik de Vries, Principal and President of Cobalt, “Cobalt has become synonymous with cutting edge, quality healthcare.  We are excited to bring that same level of care to senior living in Madison.  Shepherd Living at The Range is going to be a dynamic, thriving addition to the community.”

Powered by WPeMatico