A new development in Columbia, S.C., shows how off-campus student housing remains a hot investment that is drawing in new capital.
Brookfield and Scion Group LLC are planning to acquire student housing properties across the country.
As college campuses open up, universities are facing a shortage of housing to accommodate returning students.
There are some concerns about potential overbuilding, but by and large investor interest in the sector has returned to pre-pandemic levels.
Colleges are selling bonds again for new dormitories, signaling optimism for the student housing sector.
The company is in preliminary discussions with prospective advisors for a REIT listing in Singapore.
More than one-third of deals for student property year-to-date in 2021 has been financed by private equity, reports JLL.
Potential sellers are still optimistic about the investor demand for student housing properties.
Pre-leasing levels are lower than normal for privately-run student housing properties for the upcoming academic year.
Current demand for housing around Tier One universities is heavy, despite the COVID-19 pandemic.