By Randall Shearin
Originally posted May 19, 2011 in Student Housing Business
Furniture suppliers are seeing more interest in their goods in the past year because of the increase in funds available to acquire and develop student housing, say Paul Dougan and Danny Beck with Dallas-based University Furnishings. Increased interest is coming from owners and developers who are acquiring projects and looking to refresh the interiors with new furniture offerings.
University Furnishings is often called in when a buyer is kicking the tires on an acquisition. The buyer requests an audit of the furniture to know whether or not they are going to have to budget to replace the furnishings. Dougan says there has been an up tick in the requests for furniture audits over the last few months since the investment sales market has picked up.