REMINDER: 👩‍🎓 Inside Tier-1 Student Housing (Live Webinar Tomorrow)

Tomorrow at 3pm Eastern time, Thesis Driven is hosting a live Buy Box conversation with Aptitude Development’s Jared Hutter & Zach Feldman to unpack one of the most analytically defensible opportunities in residential real estate today: Tier-1 purpose-built student housing (PBSH).

This event is for accredited & institutional investors only.

At Thesis Driven, we specialize in surfacing niche opportunities—and the leading operators institutionalizing them. One of the most exciting emerging categories right now? User-designed, professionally operated student housing at major public universities.

For decades, PBSH was dismissed as a niche. But on campuses like ASU, Michigan, NC State, and SUNY Binghamton, enrollment has surged, walkable land has vanished, and student expectations have leapt far beyond the aging off-campus stock.

Modern students—and the parents who guarantee their leases—want something very different: privacy, wellness, routine-aligned amenities, and the reliability of professional operations.

Aptitude Development has spent the past decade building a +$1B portfolio with 5,000 student beds in modern, amenity rich towers. Their Marshall platform—a vertically integrated development + management engine—designs around the dual customer (student + parent), underwrites demand down to the bed, and consistently delivers 100–200 bps of yield-on-cost uplift through in-house operations.

Tomorrow’s session includes a deep dive into their SUNY Binghamton & ASU projects, the underwriting behind their Tier-1 pipeline, and how The Marshall brand is becoming one of the most compelling residential platforms of the next decade.

What you’ll learn

• Why Tier-1 PBSH has become a structural opportunity: rising enrollment, high guarantor incomes, and severe walkable housing shortages

• How Aptitude underwrites ASU & SUNY Binghamton: From enrollment analysis to shadow-market calibration to pipeline and planning-board review, Aptitude models demand with precision unmatched in other residential categories

• Why integrated ops drive 100–200 bps of YOC uplift: Aptitude’s in-house management platform is built for student behavior patterns, parent communication, 24/7 access control, and an academic-year leasing cadence

• The economics - bed/bath parity, rent-per-SF arbitrage, exit caps: Shared student layouts consistently double revenue on identical multifamily square footage and exit in the low- to mid-5 cap range to global buyers

• The platform - a decade of PBSH development now scaling nationally: with projects underway in Tempe and Binghamton

• How investors are underwriting the next generation of residential platforms: PBSH is a leading indicator for what 22- to 30-year-olds will demand from housing next: privacy, wellness, walkability, and brand consistency

Why attend

This is a rare inside look at how Aptitude is transforming a once-overlooked niche into a high-yield, institutionally backed real estate platform with:

• Deeply measurable demand

• Structural rent-per-SF advantages

• Professionalized operations

• Constrained walkable supply

Tier-1 PBSH has become one of the clearest opportunities for investors seeking yield, operating consistency, and exit liquidity.

If you want to understand why PBSH behaves like its own asset class—and why The Marshall is becoming a category-defining operator—this conversation is essential.

Speakers include:

• ​Jared Hutter - Co-Founder, Aptitude Development

• ​Zach Feldman - Partner, Aptitude Development

• ​Paul Stanton - Co-Founder, Thesis Driven

• ​Brad Hargreaves - Co-Founder, Thesis Driven

🎟️ Register now to see how Aptitude is reshaping Tier-1 student housing into an institutional-scale, vertically integrated residential platform.