Student Housing Sales Outperform the Rest of the Market
May 8, 2017 | by Bendix Anderson | National Real Estate Investor
Not counting portfolio deals, investors bought and sold $1.1 billion in student housing properties in the first quarter of 2016, according to real estate services firm CBRE.
Commercial real estate investors are increasingly keeping their wallets in their pockets, waiting to see where interest rates will go, for prices to come down and for more properties to come on the market. That’s happening in almost every sector, except for student housing.
Sales of student housing properties beat the trend in the rest of the market in the first quarter. If investors keep buying and selling student housing at this rate, they will match the record-setting acquisition volume of 2016, despite a long list of larger market challenges that could have slowed the pace of transactions.
