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The Business Of Student Housing

Posted by: Christian Madera

24 October 2006 - 10:00am

Outside developers are rushing into the growing student housing market as colleges and universities look for ways to lower costs.

"Developer interest is being piqued at a time when a large percentage of the 80 million 'echo boomers' - children born between 1982 and 1995 to baby boomers - are opting to attend college.

And they have different tastes than previous generations, who accepted the dorm's classic Spartan style.

Many 18-year-olds today have never shared a bedroom, barely shared a bathroom and are accustomed to high-quality cable TV and Internet access.

Moreover, the cost of building student housing has risen, leading more universities to look for partnerships with private developers."

Full Story: Universities Partnering With Developers For Student Housing
Source: The Hartford Courant, October 22, 2006
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