Business
Student housing CEO says luxury is losing its appeal

Annex, a Scion community in Oxford, Ohio, that serves students of Miami University.
Courtesy of Scion
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Consumers are increasingly concerned about the state of the economy, and that is affecting yet another real estate sector — student housing.
Rent growth in the sector slowed to just 0.9% in July across 200 colleges surveyed by Yardi. The average advertised asking rent fell to $905 per bed, a 1.4% decrease from the $918 peak in March “as operators struggle to lease remaining inventory,” according to the Yardi report.
For perspective, from October through July, rent growth averaged 2.8%, less than half the 5.7% recorded during the same period a year earlier and well below the 6.9% seen a year before that.
“What we’re seeing is fall-off at the top and the bottom,” said Robert Bronstein, founder and CEO of Scion, one of the country’s largest owners and operators of student housing.
Scion owns roughly 95,000 beds across 83 schools in 35 states, with over $10 billion in assets under management.
Bronstein said the lower end of the market, that is, students and parents who were struggling most to afford student housing, is now going back to the more historic, cheaper rental homes on the outskirts of campuses. Higher-end students and parents are also changing course.
“I think that people are saying, ‘You know what, there’s a building that’s three years old, and it costs 30% less than a brand new building, and I wasn’t going to use the hot tub on the roof anyhow. I’m going to go with the less expensive option,'” said Bronstein.
Students, he said, are increasingly serious about their living spaces and prefer co-working spaces and remote interview rooms over golf simulators and movie theaters, which were all the rage a decade ago. High-end amenities, he said, no longer drive occupancy. Cost savings are now paramount.
Scion plays in the middle market, acquiring properties mostly at large schools, including the University of Florida, University of Alabama, University of Oklahoma, and University of Mississippi, as well as Texas A&M and Clemson University.
“We were very active last year. We’re very active this year. This may turn out to be the most active year,” said Bronstein.
He said that after Covid, there’s been a shift in investment toward large, flagship public universities — and it’s accelerating.
“The top-tier, 40, 50, 60,000-student flagship public schools, they’re posting year after year after year of record enrollment growth. They’re not even coming close to being able to satisfy the housing needs that exist in these markets,” said Bronstein, adding that they are also taking market share from smaller public universities and private schools.
“I don’t think you can be bullish enough about Madison, Wisconsin, or in Ann Arbor, Michigan, or in Athens, Georgia, or Gainesville, Florida,” he said.
Going big, he said, also gives Scion an acquisition advantage in today’s high-interest-rate environment.
“We’re looking at it like, OK, this is a market we want to be in. We’re not going to be in it with 300 beds. We’re going to be in it with three or four assets and several thousand beds and have real operating leverage,” said Bronstein.
Bronstein said he’s bullish because there’s been a drop-off in new development due to higher costs for construction and capital. That will increase the value of Scion’s existing assets.
In its 2025 student housing outlook report, commercial real estate lender Walker and Dunlop predicted a “dynamic” year for the sector.
“After a period of slowed transaction volume due to macroeconomic headwinds, the market is rebounding as interest rates stabilize, institutional capital builds conviction, and enrollment at major universities continues to rise,” according to the report.
It noted that the Southeastern Conference remains the most active conference for student housing investment, with the Big Ten conference gaining momentum as larger schools see record enrollment growth.
It also highlighted the same shift away from higher-cost buildings stacked with bells and whistles that Bronstein noted.
“While luxury amenities once defined the sector, the latest trend is a shift toward functionality, convenience, and affordability,” the report said.
Business
Indias Real Estate Equity Inflows Jump 48 Pc In Q3 2025: Report

NEW DELHI: Equity investments in India’s real estate sector jumped 48 per cent year-on-year to $3.8 billion in the July-September period (Q3), a report said on Friday. This growth in inflow was primarily fuelled by capital deployment into land or development sites and built-up office and retail assets, according to the report by real estate consulting firm CBRE South Asia.
In the first nine months of 2025, the equity investments increased by 14 per cent on-year to $10.2 billion — from $8.9 billion in the same period last year.
The report highlighted that land or development sites and built-up office and retail assets accounted for more than 90 per cent of the total capital inflows during Q3 2025.
On the category of investors, developers remained the primary drivers of capital deployment, contributing 45 per cent of the total equity inflows, followed by Institutional investors with a 33 per cent share.
CBRE reported that Mumbai attracted the highest investments at 32 per cent, followed by Pune at around 18 per cent and Bengaluru at nearly 16 per cent.
Anshuman Magazine, Chairman and CEO – India, South-East Asia, Middle East and Africa, CBRE, said that the healthy inflow of domestic capital demonstrates the sector’s resilience and depth.
“In the upcoming quarters, greenfield developments are likely to continue witnessing a robust momentum, with a healthy spread across residential, office, mixed-use, data centres, and I&L sectors,” he added.
In addition to global institutional investors, Indian sponsors accounted for a significant part of the total inflows.
“India’s ability to combine strong domestic capital with global institutional participation will remain a key differentiator in 2026 and beyond,” added Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India.
CBRE forecasts a strong finish for the investment activity in 2025, fuelled by capital deployment into built-up office and retail assets.
For the office sector, the limited availability of investible core assets for acquisition indicate that opportunistic bets are likely to continue gaining traction, the report noted.
Business
EY and Microsoft launch AI skills passport: Free program to train youth in AI; focus on career growth – The Times of India

EY and Microsoft on Saturday launched the AI Skills Passport, a free online learning initiative aimed at equipping Indian students and early-career professionals with essential artificial intelligence (AI) skills. The program targets individuals aged 16 and above and is designed to bridge the country’s growing AI skills gap, according to an EY statement, ANI reported.Part of a global effort that has already engaged over 40,000 participants worldwide, the AI Skills Passport offers self-paced learning modules spanning around 10 hours, available in both English and Hindi. The curriculum covers AI fundamentals, responsible AI, and practical applications across sectors including healthcare, finance, and technology. Participants also receive guidance on job readiness, including resume tips, interview support, and networking insights.Learners who complete the program are awarded a verifiable digital badge, enhancing their professional profiles. The initiative is part of EY Ripples, EY’s global corporate responsibility programme, and will partner with not-for-profit organisations to ensure students from economically weaker backgrounds have access to mentorship, learning, and career guidance.Monesh Dange, Partner and Leader, Alliances and Ecosystems, EY India, said, “In an era where AI is revolutionising work, the AI Skills Passport addresses India’s urgent need for skilled talent. Together with Microsoft, we aim to ensure the program is accessible and impactful at scale.”Bhaskar Basu, Enterprise Partnerships Leader, Microsoft India & South Asia, added, “AI is transforming India’s digital economy, and youth are at its core. The AI Skills Passport brings high-quality AI learning to everyone, accelerating Microsoft’s goal to equip 10 million Indians with AI skills by 2030.”
Business
Environment minister Bhupender Yadav heads to Brazil: India engages in pre-talks ahead of COP30; climate finance and adaptation on agenda – The Times of India

Union Environment Minister Bhupender Yadav is set to travel to Brasília on October 13-14 for a pre-COP meeting as India steps up preparations for the UN climate summit COP30, scheduled in Belém, Brazil, in November. The meeting aims to streamline negotiations on key issues and build consensus among ministers before the main conference. He confirmed his visit on his X account. The two-day pre-COP will bring together environment and climate ministers, senior negotiators, and observers to narrow differences on politically sensitive issues and build ministerial consensus ahead of the COP30 negotiations, PTI reported. The COP30 presidency expects 30-50 delegations and around 800 participants at the event.Pre-COPs, while not formal UNFCCC events, have become a routine instrument for host countries to focus ministerial attention on a limited set of political questions that otherwise take negotiators weeks to resolve. Ministers use these meetings to test negotiating texts, identify common ground, and prepare positions to expedite negotiations at the main COP.COP30 is unfolding against a complex geopolitical backdrop, with some developed countries reassessing climate strategies amid economic and energy security pressures. The United States’ withdrawal from the Paris Agreement has further heightened tensions. Disagreements over climate finance, the pace and responsibility of the energy transition, and burdens on developing countries remain sharp.Trust between developed and developing countries is fragile following COP29 in Baku, Azerbaijan, where many Global South delegates said finance outcomes fell short of expectations. Central issues include the scale and nature of climate finance, grant versus loan structures, and predictability of funds for adaptation and loss and damage. These topics are expected to dominate discussions in Brasília and later in Belém.Logistical concerns are adding further pressure. Reports indicate shortages of hotel rooms and high costs in Belém, potentially limiting participation of smaller delegations and vulnerable countries. Observers warn that unequal attendance could affect negotiating dynamics and the legitimacy of outcomes.Key discussion points include climate finance, the post-2025 collective finance goal, rules and integrity for international carbon trading under Article 6, adaptation and national adaptation plans, and translating the Global Stocktake into actionable timelines. Loss and damage finance will also be a priority, with ministers aiming to make it predictable and accessible.India has emphasised equity and differentiated responsibilities in climate action, urging developed countries to meet Article 9 obligations on finance. It has pressed for predictable and concessional support for adaptation and loss and damage, while highlighting the need for technology transfer and capacity building aligned with national circumstances. India has also underscored a just energy transition that allows space for development.Ahead of COP30, India plans to submit two key documents: an updated Nationally Determined Contribution (NDC), extending commitments to 2035, and the country’s first national adaptation plan (NAP). The updated NDC is expected to raise ambition on emissions intensity of GDP, non-fossil electricity capacity, and carbon sinks through forest and tree cover, without introducing new pledges. India has already exceeded its target for non-fossil installed capacity ahead of the 2030 deadline.Officials told PTI that India will closely monitor outcomes on carbon markets and accounting, ensuring that poorly designed rules do not shift burdens or create perverse incentives.
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