Off-Campus Student Housing Emerges from COVID-19 on Strong Footing
There are some concerns about potential overbuilding, but by and large investor interest in the sector has returned to pre-pandemic levels.
May 27, 2021 | Bendix Anderson | Wealth Management
Despite navigating through the uncertainty of school closings, hybrid learning and various restrictions on campus life, the off-campus student housing sector made it through the pandemic on strong footing, ensuring that investment interest will remain high.
This fall, students seem likely to move into off-campus student housing properties at roughly the same rate as they did before the global coronavirus pandemic shut down college campuses around the world.
“The biggest investment opportunity in student housing is to act swiftly before it becomes more clear regarding how well student housing has performed during the pandemic and the bright future ahead for America’s Tier One universities,” says Fred Pierce, president and CEO of Pierce Education Properties, based in San Diego.
