Biz Beat 12-31-2014
We understand why private investors are motivated to build student-housing complexes. College enrollment is predicted to grow and the projects pencil out as profitable even if they are not filled to capacity, particularly if tax breaks are involved. Once built and operating, they can be sold to other big-time investors to cover costs and pocket a few million bucks. But what we don’t understand is why they are designed to accommodate only single students for the life of the building, say 40 to 50 years. Continue reading