Strong Support for Muni Bond ETFs Won t Abate Anytime Soon etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Colleges are selling bonds again for new dormitories, signaling optimism for the student housing sector. Bloomberg | May 12, 2021
(Bloomberg) Colleges all across America are betting big on the resurrection of American campus life. So are bondholders.
After a year of declining enrollment, online classes and vacant quads, schools have started selling bonds again for new dormitories, signaling optimism that the impact of the pandemic will be short-lived.
Tufts University, a private school near Boston, took on $250 million of debt to build a new residence hall to allow more students to live on campus. Stockton University raised money to build apartments for its Atlantic City campus. Even a company that has seen several of its dorm projects fall into financial distress during the pandemic was easily able to sell bonds to build another at a college in Boca Raton, Florida.