For QPs & institutional investors only.
Join us today at 3pm for a 60-minute Buy Box Live Q&A with Aptitude Developmentāa growing national platform building & operating ground-up purpose-built student housing (PBSH) in Tier-1 markets.
Weāll dive deep on the asset class and business modelāand unpack the investment opportunity to invest in their current project at SUNY Binghamton.
Note: if you register but cannot attend, we will send you a recap & recording via email. More details below.

āāDescription
āFor years, purpose-built student housing (PBSH) at large public universities was treated as a niche categoryāan afterthought to conventional multifamily. But on Tier-1 campuses like ASU, Michigan, NC State, and SUNY Binghamton, the opposite has happened: enrollment has climbed, walkable land has tightened, and modern student expectations have diverged sharply from the aging off-campus stock.
āThe result is one of the most compelling residential opportunities of the next decade: user-designed, professionally operated housing platforms serving a cohort that evaluates their homes not just by square footage, but by routines, community, wellness, and service.
āJoin us for a 60-minute Buy Box Live Q&A with Aptitude Development, the team behind The Marshallāa growing national platform building and operating ground-up PBSH in Tier-1 markets. Weāll unpack the opportunity, walk through two of their current projects (ASU & Binghamton), and explore how integrated development + management platforms are reshaping student housing as it institutionalizes.
Aptitude has spent the last decade building track record while developing one of the most focused pipelines in the sector. By targeting campuses with high enrollment growth, persistent supply-demand imbalances in pedestrian locations, and parent-backed leasing structures, Tier-1 PBSH now delivers the yield, operating consistency, and exit liquidity that institutional investors increasingly demand.
āIn this session, Paul & Brad of Thesis Driven will sit down with Jared Hutter (Co-Founder) and Zach Feldman (Partner) to break down the model, the pipeline, and the broader opportunity in user-driven residential platforms.
āIn this session, weāll cover:
āWhy Tier-1 PBSH has become a structural opportunity
āHow Aptitude underwrites markets like ASU + Binghamton
āThe Marshall: why integrated ops drive 100ā200 bps of UYOC uplift
āThe economics: bed/bath parity, rent-per-SF arbitrage, exit caps
āThe platform: a decade of PBSH development now scaling nationally
āHow investors are underwriting the next generation of residential brands
āSpeakers Include:
āThe Team
āJared Hutter, Co-Founder, Aptitude Development
āZach Feldman, Partner, Aptitude Development
āThe āInstitutional Investorsā
āPaul Stanton, Thesis Driven
āBrad Hargreaves, Thesis Driven
See how Aptitude is transforming a niche asset class with an institutional-scale, vertically-integrated real estate platform.

