Growth in free- and subsidized-tuition programs at public colleges and universities could goose enrollments in some states, but will there be much benefit for the private student housing market?
The National Multifamily Housing Council (NMHC) is pleased to partner once again with National Real Estate Investor to produce this special supplement on student housing trends.
Investors should be wary, since higher investment yields always come with higher risks. Community colleges have suffered from declining enrollment in recent years, for example.
Not counting portfolio deals, investors bought and sold $1.1 billion in student housing properties in the first quarter of 2016, according to real estate services firm CBRE.
Strong levels of U.S. college enrollment and the diminished capacity for cash-strapped public universities to fund new dormitory development are creating more opportunities in the student housing sector.
Picking out amenities was a much easier job just a few years ago when many student housing properties were built a mile or more away from campus, where a development could sprawl over 20 or 30 acres.
The student housing sector was a magnet for both foreign and private investment in 2016 and is expected to draw continued interest this year. To get a better sense of what to expect from the asset type in 2017, NREI reached out to J.J. Smith...
