The new company, launched by the co-founder of Nelson Brothers, makes its inaugural appearance as No. 29 on the list.
“‘Student Housing Business’ is an important trade magazine, and to be recognized as an up-and-coming firm in the year after we went through a reorganization speaks to the hard work everyone at NB Private Capital has put in over the last year,” said NB Private Capital President and Founder Brian Nelson. “We are kicking off 2019 with a laser focus on industry-leading performance and communication. By nailing these, it’s our hope that everything else will take care of itself.”
The company narrowly missed the Top 25 Owner ranking due to the change in criteria of the annual survey which was conducted in the fall of 2018. According to Student Housing Business Editor Randall Schearin, the minimum bed count to be considered a Top 25 Owner rose to 7,000 beds this year as compared to the previous count of 5,400. This change was due in large part to the increased capital and demand for student housing by larger firms with strong track records.
NB Private Capital currently owns 6,337 beds with 23 properties. The predecessor company, Nelson Brothers, ranked in the top 20 with 8,321 beds in 2017.
ABOUT NB PRIVATE CAPITAL
NB Private Capital, LLC, offers individual investors direct ownership interests in institutional quality, professionally managed real estate. The company, founded by Brian Nelson, focuses on what we believe are well-positioned, income-producing properties, targeted growth opportunities and value-added investments for its clients through potential capital improvements, cost efficiency, and revenue maximization. NBPC specializes in the acquisition, financing, and ownership of real estate investments in the niche area of student housing. NBPC currently manages over $600 million in multi-family housing real estate. For more information, visit www.nbprivatecapital.com.
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