The fragmentation of European real estate is creating significant pricing mismatches and complex arbitrage opportunities in the Purpose-Built Student Accommodation (PBSA) sector.
The conversation today dives into where capital should be deployed across markets like Germany and Italy, how operational expertise is reshaping lender appetite, and the new institutional requirements defining large portfolio transactions.
We also discuss the key lessons on deal-making discipline and the career mindset required to succeed.
We recently sat down with John Jacobs, Global Head of Capital Markets at GSA. John brings over 35 years of PBSA history, having been at the heart of GSA’s global scaling to circa €8 billion in assets under management across 11 countries.
THINGS WE SPOKE ABOUT
GSA's global PBSA specialist focus
Mispriced PBSA markets across Europe
Sponsor view versus debt lender's view
Operational focus attracts equity capital
The discipline of walking away from deals
GUEST DETAILS
John Jacobs is the Global Head of Capital Markets at GSA. He has been instrumental in scaling the GSA platform across multiple geographies, helping it grow to circa €8 billion of assets in management.
John draws on a long career in banking and investment to bring a strong perspective on capital allocation and risk underwriting in the specialist PBSA sector.
Contact John:
Linkedin: linkedin.com/in/john-jacobs-56332b18
Website: gsagroup.com
QUOTES
Our view is, look, we've always been specialists in our sector, and we're very happy being in that space. - John Jacobs
What is the doomsday scenario? What is the absolute worst thing that can happen, and what would my exit strategy be? So, you've always got to think about from their perspective. - John Jacobs
If you don't have an understanding and or passion for this, then it's probably not for you. - John Jacobs
KEYWORDS #PBSAInvestment #StudentHousing #EuropeanRealEstate #CapitalMarkets #AssetManagement
MORE INFORMATION
Havenstone Capital is a Real Estate Investment and Asset Management firm with a pan-European focus. Leveraging on the team’s extensive experience on both the Equity and Debt markets, Havenstone Capital is dedicated to managing investments across the entire investment cycle in the real estate market by managing and funding real estate projects in various asset classes.
Visit our website; havenstonecapital.com
This podcast was produced by dustpod.io
