Student Housing Properties Begin to Change Hands Again
Potential sellers are still optimistic about the investor demand for student housing properties.
February 10, 2021 | Bendix Anderson | Wealth Management Real Estate
Investors opened their wallets a little wider in the last months of 2020 to buy off-campus student housing properties.
A few investors spent billions to buy large portfolios of properties. Others closed deals to buy high-quality, stabilized properties in strong student housing markets. Once these deals were done, the total amount of money spent in 2020 began to get close to a normal year for the student housing business—despite the uncertainty and confusion caused by the spread of the coronavirus.
“Deal volume came back in the fourth quarter of 2020, as some of the economic uncertainty faded,” says Jim Costello, senior vice president for Real Capital Analytics (RCA), based in New York City.
