How Some Student Housing Properties Belie Pandemicâs Malaise
Student housing properties with a strong location and resort-style amenities are recovering more quickly from the drop in occupancy early in the pandemic, according to Tim Madigan of Alliant Credit Union. Apr152021
Tim Madigan
As colleges and universities grappled with campus closures and re-openings, off-campus student housingâin some marketsâdefied expectations. The asset class nationwide has experienced a downturn, but savvy investors have nonetheless found opportunities.
Student housing has always been an asset classes with its own market dynamics, and the pandemic has underscored the distinct attributes of the sector. Rent collections and occupancy have remained fairly strong in some markets, in part, because some institutions closed their dormitories, leaving students to scramble for off-campus housing.