The case for value-added student housing
by Maple Chen
Institutional capital has spent the last two years relearning how to underwrite risk. Office has forced a reckoning with obsolescence, and multifamily has had to answer for supply gluts in certain markets that arrived just as rate hikes reset every assumption in the model. Against that backdrop, student housing has quietly become one of the more attractive places to put capital to work, not because it is immune to those pressures, but because its structure gives investors a clearer read on where the risk actually sits.
