Student Housing As Commodity

Aussie investment corporation ING's $100 million deal nets 90 percent of U. Conn's off-campus student housing.

1 minute read

February 5, 2006, 7:00 AM PST

It's not your father's student housing. The days of off-campus houses in student ghettos being rented out by local real estate czars are coming to an end.

In Storrs, CT, the Austrailian insurance corporation ING has completed a deal that seals it's ownership of 90 percent of off-campus student housing in this college town. The company "also purchased student housing near Eastern and Central Connecticut State Universities as well as Virginia Commonwealth University in Richmond, Va."

Over the last decade, off-campus student housing has become big business. This trend has also seen the IPOs of several US student housing corporations, and investment groups are buying into them big time. The Storrs deal is the leader in consolidating college student housing in a single city under one corporate umbrella.

See additional links for recent news on US student housing corporations.

Thanks to CollegeTownLife.com

Read the full story: ING Buys 90 Percent Of Off-Campus Housing

Friday, February 3, 2006 in University of Connecticut Daily Campus

Urban Development United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

Start Learning

Advertise with us

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.