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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