{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Havenstone Stack","title":"Student Housing Alpha","html":"","width":"100%","height":180,"duration":2594,"description":"The fragmentation of European real estate is creating significant pricing mismatches and complex arbitrage opportunities in the Purpose-Built Student Accommodation (PBSA) sector.\nThe 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. \nWe also discuss the key lessons on deal-making discipline and the career mindset required to succeed.\nWe 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.\nTHINGS WE SPOKE ABOUT\nGSA's global PBSA specialist focus\nMispriced PBSA markets across Europe\nSponsor view versus debt lender's view\nOperational focus attracts equity capital\nThe discipline of walking away from deals\nGUEST DETAILS\nJohn 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. \nJohn 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.\nContact John: \nLinkedin: linkedin.com/in/john-jacobs-56332b18\nWebsite: gsagroup.com\nQUOTES\nOur view is, look, we've always been specialists in our sector, and we're very happy being in that space. - John Jacobs\nWhat 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\nIf you don't have an understanding and or passion for this, then it's probably not for you. -  John Jacobs\nKEYWORDS #PBSAInvestment #StudentHousing #EuropeanRealEstate #CapitalMarkets #AssetManagement\nMORE INFORMATION\nHavenstone Capital is a...","thumbnail_url":"https://img.transistorcdn.com/N6tAJ1g7pscYJ_9Pdcsr9VXpGScT73k-QbTWy5LqEpY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jYzA4/MTdkOTQ4NTZkMzcz/YTM2YzRkNzM0ZDY0/MzJlZS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}