Student Housing: A Hot Product for Investors
Student housing — rental properties located in or close to colleges and universities — has long been particularly popular with investors. This year it’s becoming even more popular.
Buyers include individual students or their families, or large institutional investors who acquire many similar properties. A report on this trend was recently posted by the National Association of Realtors:
“Investors are snatching up more student housing properties than ever before. Indeed, ‘Last year was the biggest year ever, investment sales-wise,’ Fred Pierce, president and CEO of Pierce Educational Properties, told the National Real Estate Investor. But this year is on pace to be even bigger.
“Investors have purchased more than $3 billion in student housing properties from the start of 2016 through mid-May. That is up from $2.1 billion over the same time period in 2015.”