Tuesday, September 29, 2015

Student housing taking off!

In July, I gave you the preliminary results of a survey of real estate experts showing the types of commercial properties offering the best potential for investors. Student housing came in as one of the top sectors. And so far this school year is shaping up pretty good.

Occupancy is running around 96 percent, up from 94.4 percent last year. Rental growth is up, too, at 2 percent with many properties seeing 3 percent or greater. And developers have 48,216 new beds under construction. (Click here for more details.) 

Educational Realty Trust (EDR) and American Campus Communities (ACC) are the largest REITs specializing in student housing. You might want to check them out. 

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