| Follow Us: Facebook Twitter Youtube RSS Feed

Buzz

Building housing for college kids proves recession-proof

Construction is one of the industries that has taken the brunt of the economic downturn. But student housing is one market that's remained vital during the recession. The Star Tribune reports on several current projects at local colleges and universities:

"Student housing is an often-ignored niche of multifamily real estate that's surviving the recession quite well in many instances, especially when it's connected to schools and universities that have growing enrollments, like the University of Minnesota.

"Unlike many other types of commercial real estate, investors in the form of real estate investment trusts (REITs) are putting money into student housing, and banks are making loans to the builders of such housing, attracted by their stable occupancy rates and the fact that rents charged to students have held up well during the recession--in some cases, even risen."

Read the full article here.

Signup for Email Alerts
Signup for Email Alerts