In U.S. College Towns, Vacant Student Housing Poses New Opportunities for Buyers

The coronavirus pandemic disrupted back-to-school plans for millions of students this fall, including university students who normally pour into college towns in late August and generate major revenue for landlords who own off-campus housing.

With many colleges switching to remote coursework this semester—and perhaps more students than ever opting to take a gap year—much of the off-campus housing typically rented or purchased by students and their families is sitting empty. A survey of 1,050 full-time college students by the debt management company Student Loan Hero found that only half of students planned to return to campus this fall; of them, 34% said they would attend class in-person if given the option, while 16% said they would return to campus but take courses online. Roughly 29% of students plan to study online from home, according to the report, which was published in August.

In the Boston metro area, home to dozens

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How to target a real-estate market for investment from student housing CEO

  • The off-campus student housing sector has shown stability during the coronavirus pandemic.
  • But like any real estate investment, a variety of factors go into making the right choice, and one of the most important is location.
  • In an interview with Business Insider, David Adelman, the CEO of Campus Apartments, broke down how he sources out his next locations for investment. 
  • Visit Business Insider’s homepage for more stories.

During the current economic downturn, real estate has proved resilient.

One sector in particular that has shown stability is student housing. A survey by CBRE found that as of late June 2020, leasing velocity for the fall semester was down just 2.3% compared to the same time last year.  In fact, David Adelman, the CEO of Campus Apartments, told Business Insider that his business has been weathering the pandemic well. 

“All in all, we are a couple percentage points behind a normal year,

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