Student Housing Investment Sales Activity Grinds to a Halt
December 12, 2022 | Bendix Anderson | WealthManagement.com
Business is booming for student housing managers. Properties are full for the 2022-2023 school year and rents are rising more quickly than ever for pre-leases for 2023-2024.
But investors in purpose-built student housing are not willing to pay higher prices, despite higher rents. Instead, they demand steep discounts because of rising interest rates. Many potential sellers are unwilling to cut prices while others are unwilling to even offer properties for sale given the state of the market.