Could 2015 Be Student Housing's Biggest Year Ever?
As school starts and students flood every city and college town across the country, more student housing properties are hitting the market than ever before. Triad Real Estate Partners—which holds a portfolio of properties at the University of Illinois, Penn State (pictured), Ball State and several other universities—has brought more than 4,500 beds to the market this year alone, expecting to make more than $200M. "It’s looking like 2015 is going to be the biggest year ever for student housing," founding partner Ryan Tobias says. With increasing enrollment, Ryan says these college markets are attracting both domestic and international yield buyers looking for consistent, strong returns. Ryan says low cap rates, high prices and even luxury properties hitting the market make student housing a guaranteed money maker. [GS]
