The New York Times, February 13, 2024, Student Housing Has A New Mantra: Bigger Is Better
Off-campus student housing complexes across the country are getting larger, some home to more than 1,500 students, and they are being built on prime parcels as close to campus as possible, as developers seek to better manage their bottom line.
The move toward larger complexes comes as the industry is shedding its image as a niche business run by local landlords and instead drawing more institutional and global investors, said Dave Borsos, vice president of capital markets for the National Multifamily Housing Council in Washington. The two largest international investors in the market now are the Abu Dhabi Investment Authority and Global Student Accommodation, a real estate management firm in London.
