Wall Street Journal says ”Universities Go on a Tear”
June 25, 2015
A rapid expansion of college and university campuses is happening. Last year construction on developments were over $11 billion, the highest amount since 2008. With low interest rates, many feel that any college thinking about capital expansion should realize that now is a very good time. Cornell University, Columbia University, Univ Texas at Austin, etc. This is probably why the REITs have their eye on student housing. Expect to see more of this in more REITs.
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Source: Wall Street Journal June 24, 2015
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